The president of the Swiss National Bank (SNB), Thomas Jordan, speaks on Thursday at the press conference after the monetary policy meeting. The central bank kept key rates at 1.75% in the September quarter.
Additional comments
The battle against inflation is not over yet.
In December we will decide whether or not further tightening is necessary.
Given the comfortable level of Swiss inflation, the best solution was to wait and see what happens in the next 3 months.
The focus is clearly on price stability, uncertainty is relatively high at the moment.
We do not have the objective of reducing the financial balance.
We have had a nominal overvaluation of the franc, which has contributed to lower inflation in Switzerland.
We are not reacting to a weakening economy, but rather to lower inflation.
Source: Fx Street
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