SNB’s Jordan: SNB will monitor inflation closely and adjust policy again when necessary
Fonte Fxstreet
26/04/2024 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.
Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
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The US Federal Reserve (Fed) will announce monetary policy decisions following the April 30 - May 1 policy meeting on Wednesday.
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