ZURICH (Reuters) - The outlook for Swiss inflation suggested more policy tightening by the Swiss National Bank is still to come, SNB Chairman Thomas Jordan said after the central bank hiked its policy rate by three-quarters of a point on Thursday, as expected.
"If you look at our new conditional inflation forecast you see that there is a dynamic at the end of the forecasting horizon that goes upwards," he told a news conference.
"This clearly indicates that there is a likelihood that monetary policy will be further tightened."
(Reporting by John Revill, Silke Koltrowitz and Paul Arnold; Editing by Michael Shields)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 0.968 CHF | -0.62% | -0.56% | - | ||
| 0.8852 CHF | -0.92% | -1.46% | - | ||
| 0.5962 CHF | -0.87% | -1.78% | - | ||
| 0.6607 CHF | -0.60% | -0.90% | - | ||
| 11.35 CHF | -0.83% | -1.42% | - | ||
| 0.5659 CHF | +0.30% | +1.71% | - | ||
| 0.5379 CHF | -0.81% | -1.70% | - | ||
| 1.153 CHF | -0.58% | -0.26% | - | ||
| 0.6473 CHF | -0.95% | -1.95% | - | ||
| 0.1221 CHF | -0.74% | -1.21% | - | ||
| 0.01 CHF | -0.76% | -0.99% | - | ||
| 0.084 CHF | -0.46% | -1.52% | - | ||
| 0.0106 CHF | -0.81% | -1.85% | - | ||
| 12.98 CHF | -0.58% | -0.58% | - | ||
