SNB’s Zurbruegg: Inflation rise likely temporary
|Commenting on the inflation outlook, Swiss National Bank (SNB) Vice-Chairman Fritz Zurbruegg said the inflation rise is likely to be temporary.
Additional comments
“Franc remains highly valued.”
“Expansive monetary policy is still needed.”
Market reaction
The above comments have little to no impact on the Swissie, as it remains at the mercy of the US dollar dynamics ahead of the Fed’s June meeting’s minutes.
USD/CHF was last seen trading at 0.9235, down 0.08% on the day.
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