- SNB’s Maechler: The need for further rate hikes cannot be ruled out
Market news
6 July 2023
SNB’s Maechler: The need for further rate hikes cannot be ruled out
Swiss National Bank (SNB) governing board member, Andrea Maechler, made some comments on the interest rates outlook during her speech on Thursday.
She said: “It cannot be ruled out that we will need to further hike interest rates.”
Market reaction
On the hawkish remarks, USD/CHF is testing daily lows near 0.8980, down 0.07% on the day.
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