Economics and Policy Swiss Monetary Policy

Former SNB Vice-President Jean-Pierre Danthine debates the outlook for Swiss rates and the franc.

27 Jan 2020

The SNB would need strong arguments to cut rates further negative, and FX intervention might be easier from a domestic perspective, but ultimately there would be ways to push rates significantly more negative if necessary, says Jean-Pierre Danthine, former Vice-Chairman of the Swiss National Bank. Being a small country with a safe-haven currency in the middle of a huge continent is a problem, as is being increasingly reliant on the pharma industry as an export engine.

Jean-Pierre Danthine spoke to Beat Siegenthaler of the UBS Knowledge Network in Zurich on 27 January 2020.

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The views expressed in this interview are those of the interviewee and do not necessarily reflect those of UBS.