- Prior 1.75%
- Will regulate financial coverage if mandatory to make sure inflation stays in vary per value stability over the medium-term
- Keen to be energetic in FX market as mandatory
- 2023 inflation seen at 2.1% (prior 2.2%)
- 2024 inflation seen at 1.9% (prior 2.2%)
- 2025 inflation seen at 1.6% (prior 1.9%)
- Full statement
No main surprises by the SNB of their newest coverage resolution, as they preserve a extra impartial stance. They eliminated the passage that “it cannot be ruled out that further tightening may become necessary”, choosing a stance that reaffirms that they’re formally on maintain now. And the decrease inflation forecasts solely serves to help that narrative in the meanwhile.
This text was written by Justin Low at www.forexlive.com.
