SNB's Jordan: The view that policy would be better by not tightening today is false

<ul><li>Most likely we will have to tighten monetary policy again</li><li>But we can also take a more gradual approach</li><li>A gradual approach is appropriate at present, we can look again in September</li></ul><p>He's leaving the door open with one foot in case they may take a step back to keep rates unchanged in Q3. For now, Jordan maintains that a rate hike today was the right and necessary step.</p>

This article was written by Justin Low at www.forexlive.com.