SNB’s Jordan: We will not hesitate to tighten monetary policy further if necessary

Dhwani Mehta FXStreet

Chairman of the Governing Board of the Swiss National Bank (SNB), Thomas Jordan, is speaking at the SNB-FRB-BIS third Hight-Level Conference on Global Risk, Uncertainty, and Volatility.

Key quotes

We will not hesitate to tighten monetary policy further if necessary.

At next meeting, will review whether measures taken to date are sufficient to keep inflation within price stability range on a sustainable basis.

To this end, we will monitor the development of inflation closely in the coming weeks.

Market reaction

USD/CHF is little affected by the above comments, currently trading at 0.9015, flat on the day.

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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