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SNB’s Jordan:There is small upward risk to the central bank’s inflation forecast

2024-06-21FXStreetFXStreet
Swiss National Bank (SNB) Thomas Jordan said early Thursday that there is a small upward risk to the bank's inflation forecast.

Swiss National Bank (SNB) Thomas Jordan said early Thursday that there is a small upward risk to the bank's inflation forecast.

“There are reasons to believe that the natural rate of interest has increased or may well rise,” Jordan added.

Additional quotes

Weaker Franc is currently the most likely source of higher Swiss inflation.

The Bank could counteract this by “selling foreign exchange.

Market reaction

USD/CHF keeps its range below 0.9150 on these comments, up 0.07% on the day.

(This story was corrected on Thursday at 05:30 GMT to say that "USD/CHF keeps its range below 0.9150 ", not NZD/USD)

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