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
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Solana started a fresh increase above the $175 zone. SOL price is now correcting gains and might find bids near the $172 support zone.
Related Instrument
