- Analytics
- News and Tools
- Market News
- SNB's Jordan: We are no longer focusing on forex sales
SNB's Jordan: We are no longer focusing on forex sales
Following the decision to leave the policy rate unchanged at 1.75%, Swiss National Bank (SNB) Chairman Thomas Jordan noted that inflationary pressures have decreased slightly but added that uncertainty was still high, per Reuters.
Key quotes
"Inflation is likely to rise in the coming months."
"Swiss inflation forecasts remain within 0-2% target range into 2025."
"We are no longer focusing on forex sales."
"Assessment of upside and downside risks for inflation are currently balanced."
"We will adjust monetary policy if necessary to keep within price stability goal."
"Inflation forecasts within target range over the entire forecast horizon for first time in some time."
Market reaction
USD/CHF retreated slightly following these remarks and the pair was last seen posting small daily losses at around 0.8700.
© 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
