In an interview with Blick on Wednesday, the Swiss National Bank (SNB) Chairman Jordan made some comments on the central bank’s monetary policy and inflation outlook.
No further rate cut needed at the moment.
If the SNB tightens policy, it would lead to a strong appreciation of the franc.
Inflation will turn negative and economic growth will slow down significantly as such.
USD/CHF consolidates the recent recovery to 0.9811 levels following the comments from the SNB Chief.
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