SNB Chairman Schlegal is on the wires saying:
SNB will tolerate negative inflation rate in the short termUncertainty is currently very high.Swiss franc is often sought as a safe haven in times of uncertaintyPolicy rate is our main instrument, but when necessary we can intervene int he forex market.The outlook for Swiss inflation is currently very unclearThe CHF is modestly weakening vs the USD but remains below the 200 hour MA at 0.83504.
For the EURCHF, the price is above is just above teh 100 hour MA at 0.9375. The corrective low off the high today was above the 200 hour moving average of 0.9360. Staying above the MAs is a bullish tilt, at least in the short-term.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about snb schlegal snb tolerates negative inflation rate in the short term was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( SNB Schlegal: SNB tolerates negative inflation rate in the short term )
Also on site :
- Road over canal in Penkridge closed as bridge reportedly collapses
- Saudi Arabia to unify LPG gas cylinder prices nationwide from January 2026
- 2 found dead after family disturbance reported in Concord