OctaFX | OctaFX Forex Broker
Open trading account
Back

SNB's Jordan: Negative rates a possibility if deflation risks increase

FXStreet (Łódź) - SNB Chairman Thomas Jordan reiterated on Monday that the central bank would continue defending the franc cap at 1.20 per euro and that it was prepared to take immediate further action and implement additional measures should the need arise.

Speaking in Geneva the SNB head pointed out that the risk of inflation disappeared and a threat of deflation materialized. Negative interest rates could be introduced if deflation risks persisted, he signaled.

Moreover Jordan assured that the franc cap was very credible in the market.

SEB: USD/JPY steaming ahead above the 2002 line - eFXnews

The eFXnews team observe that the SEB comments on USD/JPY exceeding the 2002 top line at last week's close and continuing the climb on Monday.
Read more Previous

EUR/JPY downside limited? – Commerzbank

In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could drop to the 137.90 before resuming the upside...
Read more Next
Start livechat