SNB’s Jordan: SNB will monitor inflation closely and adjust policy again when necessary

Source Fxstreet
Apr 26, 2024 08:54

Swiss National Bank (SNB) Chairman Thomas J. Jordan speaks at the SNB’s General Meeting of Shareholders.

Key Quotes

SNB has been successful in fight against inflation.

Uncertainty remains elevated, shocks can occur at any time.

We should not be sidetracked from focus on price stability.

Demands of critics for SNB to broaden mandate are dangerous.

Market Reaction

USD/CHF falls to 0.9100, weighed down by subdued US Dollar. The US Dollar remains under pressure as weaker US Q1 Gross Domestic Product (GDP) growth has raised doubts for the economic outlook. The pair is expected to face sheer volatility after the release of the US core Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT.

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Treasury Sec. Yellen: Global economy resilient in face of challenging geopolitical landscapeUS Treasury Secretary Janet Yellen said on Tuesday that the “global economy resilient in the face of the challenging geopolitical landscape.” Additional quotes Urge European banks to heighten compliance measures and increase focus on russian evasion attempts-remarks to bankers.
Source  Fxstreet
US Treasury Secretary Janet Yellen said on Tuesday that the “global economy resilient in the face of the challenging geopolitical landscape.” Additional quotes Urge European banks to heighten compliance measures and increase focus on russian evasion attempts-remarks to bankers.
placeholder
New Zealand Treasury: There is no near-term turning point seen for the economyThe New Zealand Treasury's Economic Update issued late last week showed that there is no near-term turning point seen for the economy and the consensus expects the Reserve Bank of New Zealand (RBNZ) to hold interest rate on Wednesday.
Source  Fxstreet
The New Zealand Treasury's Economic Update issued late last week showed that there is no near-term turning point seen for the economy and the consensus expects the Reserve Bank of New Zealand (RBNZ) to hold interest rate on Wednesday.
placeholder
China’s Retail Sales rises 2.3% YoY in April, Industrial Production up 6.7%China’s Retail Sales rose 2.3% YoY in April from 3.1% in March, worse than the 3.8% expected.
Source  Fxstreet
China’s Retail Sales rose 2.3% YoY in April from 3.1% in March, worse than the 3.8% expected.
goTop
quote