SNB’s Jordan: CHF still highly valued despite recent weakening

Haresh Menghani FXStreet

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.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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