Thomas Jordan: Swiss monetary policy decision and assessment of the economic situation

Introductory remarks by Mr Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, at the Media News Conference of the Swiss National Bank, Berne, 13 June 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
13 June 2019
by Thomas Jordan
PDF full text
(122kb)
  |  5 pages

Ladies and gentlemen

It is my pleasure to welcome you to the Swiss National Bank's news conference. I will begin by setting out our monetary policy decision and our assessment of the economic situation, and will also be explaining an adjustment to our monetary policy strategy. I will then hand over to Fritz Zurbrügg, who will present this year's Financial Stability Report. After that, Andréa Maechler will talk about the situation on the financial markets, the progress made in replacing the Libor, and the SNB joining the Network for Greening the Financial System. Finally, we will - as ever - be pleased to take your questions.

Monetary policy decision and introduction of the SNB policy rate

Let me begin with our monetary policy decision. We are maintaining our expansionary monetary policy.