Sunday, April 2, 2023

SNB President Jordan speaks of the next rate hike

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SNB boss Thomas Jordan does not rule out a further tightening of key interest rates.

The Swiss National Bank (SNB) has already increased key interest rates three times in the past year. SNB Director Thomas Jordan (59) has “not ruled out” several times that there could be further increases. He also repeated this statement in various interviews as part of the WEF in Davos.

Compared to the news portal “Bloomberg”, he became a little clearer in English: “It’s in the cards,” he says – which means that there is a probability bordering on certainty. Since inflation is still above 2 percent, a “certain tightening” is imminent.

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