Swiss National Bank Chairman says current situation not easy for policy
ZURICH, Feb 2 (Reuters) - A combination of low inflation in Switzerland and interest rates at 0% were uncomfortable for monetary policy, Swiss National Bank Chairman Martin Schlegel said on Monday, declining to say whether the situation made negative rates more likely.
"As a central bank, my greatest concern is of course inflation and price stability, and we do everything we can to ensure that," Schlegel told broadcaster SRF.
"At present with inflation at 0.1%, that's at the lower end of our definition of price stability - inflation of 0-2% - and with interest rates at 0%, that is not an easy situation for monetary policy," he added.
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