Economics
SNB Chief Told It’s Time to Raise Rates by His Former Professor
- Swiss central bank quarterly decision is due on Thursday
- Investors and economists are split on whether hike will ensue
Thomas Jordan, president of the Swiss National Bank
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
It’s time for the Swiss National Bank to raise interest rates, President Thomas Jordan got told by his former academic supervisor on the eve of a decision where investors are speculating he might do just that.
The advice was delivered by Ernst Baltensperger, a professor emeritus at the University of Bern, in an opinion piece in the Neue Zuercher Zeitung published on Wednesday.