Swiss Central Bank Holds Negative Rates Steady, Signals Future Cuts Possible

The Swiss National Bank signaled Thursday that it could reduce its already negative policy rate further, as the bank confronts challenges presented by expectations for easier monetary policy in the U.S. and eurozone.

“We still have room for maneuver so that we can go to an even more expansionary monetary policy,” SNB Chairman Thomas Jordan said at a press conference Thursday, referring to interest rates and the bank’s willingness to intervene in foreign-exchange markets to weaken the Swiss franc.

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