SNB’s Jordan: Highly valued franc is holding down inflation

Dhwani Mehta FXStreet

The Swiss National Bank (SNB) Chairman Thomas Jordan said that the highly valued franc is holding down inflation, at the post-monetary policy meeting press conference on Thursday.

Additional headlines

Anchored inflation expectations speak for loose policy.

The inflation forecast is still very low, especially at the horizon of 2- 3 years.

Inflation has to really go out of range of price stability to consider changing monetary policy.

Normalization of monetary policy abroad is positive.

Highly valued Franc is holding down inflation.

Sovereign wealth fund is not a good idea for Switzerland, at least not with SNB assets.

Sovereign wealth fund could be counterproductive to bank's monetary policy.

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USD/CHF sticks to gains near 0.9125-30 region, highest since May 6 post-SNB

SNB steers rates on a steady course at -0.75%, USD/CHF refreshes monthly tops

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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