SNB chairman Jordan: FX intervention can be in both directions ...Middle East

There has been appreciation in the Swiss francThat has an impact on monetary conditionsExchange rate plays a very important role as it influences inflation outlookWill adjust policy rate to ensure inflation stays in the range of price stabilityThe fact that he continues to allude to the franc having appreciated should be a signal that they'll be backing off, after having been suspected of intervening in recent weeks. The key takeaway from all of this is the change in the narrative from Jordan. In May, he said that "a weaker franc is the main source of inflation". Today, there isn't any mention resembling that whatsoever. Instead, it has been the opposite. This article was wr

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SNB chairman Jordan: FX intervention can be in both directions ...Middle East

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