SNB's Schlegel: Will monitor situation closely and adjust policy if necessary
Source Fxstreet
Swiss National Bank (SNB) Chairman Martin Schlegel is addressing the post-meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0.25%.
Key quotes
Uncertainty about global economic development and inflation has increased significantly.
Outlook for swiss inflation is very uncertain, sees mainly downside risks.
Swiss inflation has developed in line with expectations.
Inflation still being driven by domestic services.
Will monitor situation closely and adjust policy if necessary.
more to come ....
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Over the past few weeks, the Ethereum price has struggled to maintain its bullish momentum from early May. The altcoin has been stuck within a consolidation range, jumping between the $2,500 and
The Australian Dollar (AUD) edges higher against the US Dollar on Monday, recovering its losses from the previous session. The AUD/USD pair remains stronger following the release of China’s key economic data.
Bitcoin price started a recovery wave above the $105,000 zone. BTC is now consolidating and might attempt to clear the $106,500 resistance. Bitcoin started a recovery wave above the $105,000 zone.
Gold price (XAU/USD) is extending last week's retracement slide from a nearly one-month peak – levels just above the $3,400 mark and losing ground for the third consecutive day on Monday.
Top 3 Crypto Price Prediction: Bitcoin, Ethereum, and Ripple– Weekend gains at risk amid US-China trade talksThe broader cryptocurrency market edges marginally higher on Monday as underlying weakness gradually takes effect. Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP are facing headwinds after a minor recovery over the weekend, risking a reversal similar to the flash crash on Thursday.
The broader cryptocurrency market edges marginally higher on Monday as underlying weakness gradually takes effect. Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP are facing headwinds after a minor recovery over the weekend, risking a reversal similar to the flash crash on Thursday.
Related Instrument
