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SNB Jordan: Price stability does not happen automatically. EURCHF lower on the day.

SNB Jordan: Price stability does not happen automatically. EURCHF lower on the day.

SNBs Jordan is on the wires saying:

  • Price stability does not happen automatically.
  • We are seeing no wage spiral in Switzerland
  • Swiss inflation is currently above the level of price stability and may stay raised for the time being
  • focus on the SNB is on limiting second-round effects of inflation
  • cannot rule out that SNB will have to raise rates further
  • central bank is ready to be active in currency markets when necessary

The EURC... Read More

Posted: Feb 2 2023, 18:02
Author Name: forexlive
Views: 092021

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