SNB's Maechler: Strong CHF to help us on inflation

Eren Sengezer FXStreet

Swiss National Bank (SNB) Board Member Andrea Maechler said on Wednesday that the deterioration in consumer climate could weigh on the Swiss economy, as reported by Reuters.

Maechler further noted that the strong Swiss franc will help Switzerland on the inflation front. "Even if market interest rates rise, we remain in an accommodative financial environment," she added.

Market reaction

The USD/CHF pair showed no immediate reaction to these remarks and was last seen trading at 0.9810, where it was up 0.2% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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