SNB Chairman Schlegel says medium-term inflation pressure is basically unchanged
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Medium-term inflation pressure is basically unchanged Iran war could increase pressure on the Swiss Franc There's an increased willingness to intervene in FX I expect growth revival in the medium-term SNB's Chairman Martin Schlegel struck a cautious but relatively balanced tone,
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Martin Schlegel: Comments on Swiss monetary policy
The desk believes that the Swiss National Bank (SNB) is likely to maintain its current monetary policy stance in light of recent economic indicators. Per the full note [source], Chairman Martin Schlegel emphasized the importance of price stability and the challenges posed by inflation, which is projected to remain above the SNB's target. This aligns with our view that the Swiss franc will remain stable against major currencies, particularly as inflation pressures are expected to persist in the near term.
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