SNB's Jordan Sees 'No Reason to Tighten Monetary Policy'

Thomas Jordan discusses his role at the Swiss National Bank, focusing on monetary policy and interest rate flexibility. He addresses potential pushback from the financial sector regarding rate cuts and emphasizes the bank's commitment to maintaining price stability. The Swiss National Bank's track record in managing the economy and inflation is highlighted, showcasing its success in navigating challenging periods.

What is the current stance of the Swiss National Bank regarding monetary policy?

• There is no reason to tighten the policy.

• They are planning to tighten the policy.

• They are undecided about the policy.

• They are planning to loosen the policy.

What is a key factor in the Swiss National Bank's decision-making process for rate cuts?

• International pressure

• Political influence

• Cost-benefit analysis

• Public opinion

How does Thomas Jordan view the potential pushback from the financial sector regarding rate cuts?

• He believes it is their task to make the financial sector happy.

• He thinks pushback is irrelevant to their goals.

• He acknowledges it but prioritizes price stability.

• He plans to avoid any pushback by not cutting rates.

What is the primary goal of the Swiss National Bank according to Thomas Jordan?

• To maintain price stability and support the economy

• To follow international monetary trends

• To ensure financial sector satisfaction

• To increase inflation significantly

How has the Swiss National Bank performed in terms of price stability over the last 10-20 years?

• They have frequently faced negative inflation.

• They have struggled to maintain stability.

• They have consistently achieved price stability.

• They have ignored price stability.