SNB’s Jordan: We will not hesitate to tighten monetary policy further if necessary
|Chairman of the Governing Board of the Swiss National Bank (SNB), Thomas Jordan, is speaking at the SNB-FRB-BIS third Hight-Level Conference on Global Risk, Uncertainty, and Volatility.
Key quotes
We will not hesitate to tighten monetary policy further if necessary.
At next meeting, will review whether measures taken to date are sufficient to keep inflation within price stability range on a sustainable basis.
To this end, we will monitor the development of inflation closely in the coming weeks.
Market reaction
USD/CHF is little affected by the above comments, currently trading at 0.9015, flat on the day.
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