2023-06-10 20:46:44
ZURICH, June 10 (Archyde.com) – The Swiss National Bank (SNB) is ready to raise its key rate once more as part of the fight once morest inflation, Thomas Jordan, the central bank’s president, said in an interview. to be published on Sunday.
“The fight once morest inflation is not over yet,” he told Swiss newspaper SonntagsZeitung. “We have to make sure to bring (inflation) below 2% in a sustainable way.”
“At this stage, we cannot rule out a further tightening of monetary policy. We are still in an environment where inflation is too high,” added Thomas Jordan.
Swiss inflation growth slowed to 2.2% year on year in May, according to data released by the federal statistics office on Monday, but the SNB equates price stability to an annual rise of less than 2% consumer prices.
Its next monetary policy announcement will be on June 22. (John Revill, French version Laetitia Volga)
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