Monday, December 5, 2022

SNB boss Jordan does not rule out the next interest rate hammer

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The outlook is clouded over

SNB boss Jordan does not rule out the next interest rate hammer

In an international comparison, inflation in Switzerland is low. Thomas Jordan, Director of the Swiss National Bank, nevertheless believes that a tighter monetary policy is necessary.

Thomas Jordan, President of the Swiss National Bank.

In Switzerland, too, the short-term economic outlook has clouded over. As in other countries, the level of uncertainty is high. Nevertheless, the Swiss National Bank (SNB) does not rule out further interest rate hikes, even after two interest rate increases, as SNB President Thomas Jordan (59) explained in the annual discussion with the Federal Council.

In an international comparison, inflation in Switzerland is low, but it is above the range that the SNB equates with price stability, according to a statement by the Swiss government at the meeting with Jordan on Wednesday.

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