Thomas Jordan: Introductory remarks, Swiss National Bank news conference

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, 12 December 2019.

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

Central bank speech  | 
13 December 2019
by Thomas Jordan
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  |  6 pages

Ladies and gentlemen

It is my pleasure to welcome you to the Swiss National Bank's news conference. As usual, I will begin by explaining our monetary policy decision and presenting our assessment of the economic situation. I will also be addressing three additional subjects: five years of negative interest, the possible consequences of climate change for the SNB in fulfilling its mandate, and a study on the methods behind our company talks.

After my remarks, Fritz Zurbrügg will report on the developments in the area of financial stability, and Andréa Maechler will then talk about the situation on the financial markets. We will - as ever - be pleased to take your questions afterwards.

Monetary policy decision

I will begin with our monetary policy decision.

We are keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%.