SNB's Maechler: March rate hike serves to only slow inflation towards 2% mark

Market news

19 April 2023

SNB's Maechler: March rate hike serves to only slow inflation towards 2% mark

Swiss National Bank (SNB) policymaker, Andréa Maechler, said on Wednesday, “March rate hike serves to only slow inflation towards the 2% mark.”

Additional quotes

“Swiss inflation is slowing but still a worry.”

“We are ready to sell foreign currencies.”

Market reaction

USD/CHF was last seen trading at 0.8976, up 0.15% on the day, supported by the rebound in the US Dollar across the board.

Currencies. Daily history for Wednesday, April 19, 2023

Commodities. Daily history for Tuesday, April 18, 2023

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