Overvalued Swiss currency is keeping rates low – SNB’s Jordan
Swiss franc remains “significantly overvalued”, despite low interest rates and forex interventions
The Swiss franc remained “significantly overvalued” and susceptible to “increased upward pressure”, the governor of the nation’s central bank said in a speech today (June 15).
As the Swiss National Bank left interest rates on hold at –0.75%, Thomas Jordan explained the current level of negative interest rates helped to make local currency investments “less attractive”.
“The franc has virtually remained unchanged on a trade-weighted basis over the last half-year and is still significantly
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