SNB’s Jordan hints again at tighter monetary policy again
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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.
More to come …
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