- Analytics
- News and Tools
- Market News
- SNB's Jordan hints again at tighter monetary policy again
SNB's Jordan hints again at tighter monetary policy again
Swiss National Bank Chairman Thomas Jordan says monetary policy is still expansionary and ''we have most likely to adjust monetary policy again.''
This is a rehash of prior commentary where he has been continuously hinting that further interest rate hikes were on the way from the central bank.
In prior remarks recently made, he was saying "determined action" is required to check rising prices has said in trade today there is a "great probability" that the SNB will need to tighten monetary policy further as inflation is likely to remain elevated for a while.
He also said the nominal appreciation of the Swiss franc is helping guard against inflationary pressure. Jordan had said last week that the SNB was prepared to take "all measures necessary" to bring inflation back down to its 0-2% target range and that current monetary policy was not restrictive enough to do the job.
Key comments
Monetary policy is still expansionary and we have most likely to adjust monetary policy again.
Inflation is very high and there is still a risk that inflation will rise further.
We have an inflation rate in switzerland that is above our target, and expect it to be above our target if we don't take that into account.
Central banks around the world are now in a tightening cycle.
More to come ...
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
