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, 18 June 2020.

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

Central bank speech  | 
15 July 2020

Ladies and gentlemen

It is my pleasure to welcome you to the Swiss National Bank's news conference.

At our last conference in December 2019, hardly any of us could have imagined how much and how quickly the world would change as a result of coronavirus. We are relieved that the number of infections in Switzerland has fallen again markedly in the meantime. Our sympathies go to all those who have been directly affected and those who have lost people dear to them.

I will now present our assessment of the economic impact of the coronavirus pandemic and explain our monetary policy decision. I will then hand over to Fritz Zurbrügg, who will present the main findings of this year's Financial Stability Report. After that, Andréa Maechler will talk about the situation on the financial markets. We will - as ever - be pleased to take your questions afterwards.