fxs_header_sponsor_anchor

News

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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.