Swiss National Bank's Martin: Inflation likely to remain elevated for some time
Source Fxstreet
Swiss National Bank (SNB) Vice Chairman Antoine Martin is addressing the press conference following the September monetary policy assessment, in which the central bank held interest rates unchanged at 0%.
Key quotes
Global economic growth stronger than expected in second quarter.
Anticipate moderate growth in global economy over the coming quarters.
Consumer spending barely slowed despite loss of purchasing power.
Ongoing improvement in manufacturing momentum will support growth.
Energy prices could turn out to be significantly higher than expected.
High uncertainty remains, mainly because of situation in the Middle East.
Inflation likely to remain elevated for some time.
Market reaction
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Copper price climbed toward $6.80 per pound on Tuesday, about 2% below its September record. Easing fears of another US rate hike and fresh mining disruptions in Chile are driving the move.On the Lond
Bank of America (BofA) expects gold below $4,000 over the next three months. The bank forecasts an average of $4,000 per ounce in the fourth quarter.Gold traded around $4,100 on Wednesday after hotter
CoreWeave stock fell nearly 15% on Wednesday, less than a day after Jim Cramer told CNBC viewers it was the only company of its kind he trusts. The slide followed a sell-off in CoreWeave’s bonds that
Solana is preparing for one of its most significant architectural overhauls since its 2020 launch. The Alpenglow consensus upgrade will activate on mainnet on October 21, 2026.Here is what the upgrade
US consumer prices rose 3.7% in the year to September, above the 3.6% forecast, and Bitcoin and gold fell within minutes. The hotter reading raises the odds of another Federal Reserve rate hike, which
Related Instrument
