The usual from Jordan in the text of his Jackson Hole speech
– Aim of SNB’s policy of negative rates, willingness to intervene in FX market, is to weaken franc over time
Central bankers love to point to inflation expectations but for the past 20 years the BOJ has missed its target and inflation expectations remained high throughout.
SNB’s Jordan: Swiss franc significantly overvalued, stands ready to intervene
ByAdam Button
Aug 28, 2015