Thursday, 18 October 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
SNB Jordan Says 'Premature' to Tighten Monetary Conditions
Friday, 27 April 2018 15:28 WIB | FISCAL & MONETARY |SNB,Bank Sentral Swiss,

The Swiss franc™s depreciation is a œwelcome relief for the economy, but it™s still too soon to adjust policy, Swiss National Bank PresidentThomas Jordan said.

After years of dogged strength, which the SNB countered with currency market interventions, the franc has dropped almost 10 percent against the euro over the past 12 months and last week breached the 1.20-per-euro mark, which once was the central bank™s minimum exchange rate.

œThere has thus been a reduction in the significant overvaluation, but our currency nevertheless remains highly valued, Jordan said at the institution™s annual shareholder meeting in Bern on Friday.

The SNB will continue with its policy of a deposit rate of minus 0.75 percent and a pledge to intervene in markets if needed, he said, explaining they are œessential and the situation still œfragile.

œTightening monetary conditions would be premature at this juncture, and would risk unnecessarily jeopardizing the positive economic momentum that has been established, he said.

Source : Bloomberg

RELATED NEWS
May Says U.K. Could Extend Brexit Transition by a Few Months...
Thursday, 18 October 2018 16:09 WIB

Perdana Menteri Inggris Theresa May mengatakan ia mengkaji rencana yang akan memperpanjang periode transisi, yang sudah harus membuat AS terikat dengan aturan UE selama 21 bulan setelah hari Brexit, u...

Majority on Fed believe interest-rate policy will have to become restrictive...
Thursday, 18 October 2018 01:38 WIB

Mayoritas pejabat senior Federal Reserve percaya bahwa suku bunga akan terus meningkat sampai kebijakan menjadi restriktif, menurut laporan pertemuan September bank sentral yang dirilis pada hari Rabu...

RBA's Lowe Keeps Benchmark Interest Rate at 1.5%...
Tuesday, 2 October 2018 11:49 WIB

Mengikuti versi pernyataan yang diformat ulang pada hari Selasa di situs web Reserve Bank of Australia, setelah Gubernur Philip Lowe dan dewannya mempertahankan target suku bunga semalam sebesar 1,5 p...

Fed Hikes Interest Rates, Signals Strong Support For Another Increase in December...
Thursday, 27 September 2018 01:22 WIB

The Federal Reserve pada hari Rabu menaikkan suku bunga untuk ketiga kalinya pada tahun ini dan mengisyaratkan itu bersiap untuk meningkat lagi pada bulan Desember, karena juga mengubah bahasa yang bi...

Swiss National Bank keeps rates steady at -0.75%, as widely expected...
Thursday, 20 September 2018 14:54 WIB

Anggota dewan Swiss National Bank (SNB) memutuskan untuk meninggalkan suku bunga deposito acuan tidak berubah di -0,75% pada penilaian moneter kuartalan yang diadakan hari ini. Bank sentral mempertah...

LATEST NEWS
European markets close lower as Brexit talks rumble on; Carrefour shares up 9%

The pan-European Stoxx 600 finished down around 0.51 percent to 31.67, with sectors moving in opposite directions. Europe's media stocks led the gains, up 0.54 percent amid earnings news. France's Publicis was the top sectoral performer, after the...

Dow tumbles 350 points as technology and communication-services stocks tank in midday trade

The Dow Jones Industrial Average on Thursday fell to sessions lows, with technology and communication-services shares leading losses for the broader market. The Dow most recently was down 312 points, or 1.3%, at 25,362, while the technology-laden...

Stocks Open Lower on Hawkish Fed Minutes, China Rout

Stocks opened on a weak note Thursday, with major indexes remaining under pressure as investors weighed minutes of the Fed's last meeting, released Wednesday, that underlined expectations policy makers will remain on their gradual rate-hiking...

POPULAR NEWS
Gold Rally Rolls On
Tuesday, 16 October 2018 04:14 WIB

On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this...

Gold ends at another multimonth high, but U.S. stock market rally limits the metal's rise
Wednesday, 17 October 2018 01:26 WIB

Gold futures edged up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limited the gains for the...

Gold settles lower, extends losses in electronic trade after FOMC minutes
Thursday, 18 October 2018 01:45 WIB

Gold futures settled lower on Wednesday and extended their decline into electronic trading as a benchmark U.S. dollar index climbed to fresh session...

Gold Extends Rally to Fresh Multi-Month Highs as Dollar Softens
Tuesday, 16 October 2018 19:43 WIB

Gold futures on Tuesday looked likely to extend a rally that has returned prices to July levels, with a generally upbeat tone in place even with...