SNB’s Jordan: CHF still highly valued despite recent weakening
|Headlines cross the wires, via Reuters, as the SNB Chairman Thomas Jordan addresses the post-interest rates decision press conference.
Key quotes:
- Long-term inflationary pressure has not increased.
- Expansionary monetary policy remains appropriate to support recovery and price stability.
- Depreciation of CHF shows safe havens are less sought after, but CHF development still fragile.
- Too early to talk about normalization.
- Need to be very prudent (in the normalisation process).
- Inflation expectations very well anchored.
- No risk to breach 2% inflation any time soon.
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