Swiss National Bank Chair Thomas Jordan indicates readiness to intervene in foreign exchange market due to political uncertainties affecting the Swiss franc.
Swiss National Bank Chair Thomas Jordan stated that the central bank is prepared to intervene in the foreign exchange market if necessary due to political uncertainties affecting the Swiss franc. Inflation, currently at 1.3%, is expected to converge around 1% in the medium term. Jordan believes the strength of the franc reduces the risk of inflation and considers the situation "relatively comfortable."
July 08, 2024
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