SNB’s Jordan:There is small upward risk to the central bank’s inflation forecast
30.05.2024, 01:50

SNB’s Jordan:There is small upward risk to the central bank’s inflation forecast

Swiss National Bank (SNB) Thomas Jordan said early Thursday that there is a small upward risk to the bank's inflation forecast.

“There are reasons to believe that the natural rate of interest has increased or may well rise,” Jordan added.

Additional quotes

Weaker Ffranc is currently the most likely source of higher Swiss inflation.

The Bank could counteract this by “selling foreign exchange.

Market reaction

NZD/USD keeps its range below 0.9150 on these comments, up 0.07% on the day.

New Zealand Dollar PRICE Today

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Swiss Franc.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.02% 0.03% -0.16% 0.02% -0.02% 0.16% 0.08%
EUR -0.02%   0.00% -0.15% 0.03% -0.03% 0.11% 0.06%
GBP -0.03% -0.01%   -0.18% -0.03% -0.06% 0.11% 0.05%
JPY 0.16% 0.15% 0.18%   0.15% 0.13% 0.24% 0.24%
CAD -0.02% -0.03% 0.03% -0.15%   -0.02% 0.13% 0.07%
AUD 0.02% 0.03% 0.06% -0.13% 0.02%   0.15% 0.09%
NZD -0.16% -0.11% -0.11% -0.24% -0.13% -0.15%   -0.05%
CHF -0.08% -0.06% -0.05% -0.24% -0.07% -0.09% 0.05%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

 

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