lundi 23 mars 2015

SNB's Moser says the IMF proposal on currency QE is all part of their considerations

SNB alternate governing board member Thomas Moser has responded to IMF suggestions that they adopt foreign currency asset-purchses by saying that they are open to the idea



What the IMF is recommending is a kind of pre-announced asset-purchase programme, among the options we are looking at



The IMF proposals came out earlier this morning and Moser's comments now out on Bloomberg have been circulating for a while so immediate impact on this news will be minimal

In its annual assessment the IMF proposed that Switzerland "ease monetary policy further" to bolster growth and reduce risks related to "very low inflation"



Purchases could consist of foreign currency assets, and perhaps some domestic assets - though scope for this is more limited - with the pace of purchases adjusted as necessary in response to developments

SNB's Moser says the IMF proposal on currency QE is all part of their considerations

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