SNB's Jordan says rate hikes not ruled out

<p>Is there a central bank out there that is ruling out rate hikes? Or even one that has a stated neutral bias?</p><ul><li>UBS acquisition of Credit Suisse prevented global financial crisis</li><li>Effective public liquidity backstop is needed</li><li>Emergency liquidity provided without collateral should not become regular part of SNB's instruments</li><li>Faster and larger outflows are a new reality for banks</li><li>We do not know how big is the impact of accumulated tightening so far</li></ul>

This article was written by Adam Button at www.forexlive.com.