- SNB's Jordan: Further interest rate rises cannot be ruled out
Market news
23 September 2022
SNB's Jordan: Further interest rate rises cannot be ruled out
Swiss National Bank (SNB) Chairman Thomas Jordan said on Friday that further rate rises cannot be ruled out, as reported by Reuters.
Key quotes
"Swiss inflation has risen much more than expected, considerably above price stability target."
"Central bank ready to be active in forex markets."
"Price increases hitting parts of economy not previously affected."
"Ensuring price stability demands full attention of the central bank."
Market reaction
The USD/CHF pair edged slightly lower on these comments and was last seen rising 0.42% on the day at 0.9808.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page