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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