SNB’s Jordan: Highly valued franc is holding down inflation

The Swiss National Bank (SNB) Chairman Thomas Jordan said that the highly valued franc is holding down inflation, at the post-monetary policy meeting press conference on Thursday.

Additional headlines

Anchored inflation expectations speak for loose policy.

The inflation forecast is still very low, especially at the horizon of 2- 3 years.

Inflation has to really go out of range of price stability to consider changing monetary policy.

Normalization of monetary policy abroad is positive.

Highly valued Franc is holding down inflation.

Related reads

USD/CHF sticks to gains near 0.9125-30 region, highest since May 6 post-SNB

SNB steers rates on a steady course at -0.75%, USD/CHF refreshes monthly tops