Ex-SNB’s Jordan Sees Subzero Rates as Best Avoided Unless Needed

Former Swiss National Bank chief Thomas Jordan said officials shouldn’t rule out a return to negative interest rates, even though the measure is best avoided.

The ex-president of the central bank, who left office a year ago after previously overseeing cuts in borrowing costs to the world’s lowest level, told public broadcaster SRF that such a policy was an “economic necessity” between 2015 and 2022.