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ECB’s Villeroy: Central banks are doing their job amid the slowdown

Reuters quotes the comments from the European Central Bank (ECB) Governing Council member Villeroy, with the key headlines found below.

Key Quotes:

The global economic slowdown is undeniable.

Central banks are doing their job amid the slowdown.

Low rates can push credit up too much.

Switzerland Imports (MoM) declined to 16359M in June from previous 18074M

Switzerland Imports (MoM) declined to 16359M in June from previous 18074M
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USD/CHF: Modestly flat around 0.9850 despite 7-month high Swiss trade surplus

Despite witnessing an increase in monthly Swiss trade balance data, USD/CHF remains modestly flat at 0.9850 ahead of the European open on Thursday.
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