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