SNB chairman Jordan: Inflation pressures have decreased significantly in Switzerland

Further rate cuts may be necessary in the coming quartersStronger franc, lower oil and electricity prices contributed to lower inflation forecastsSwiss economic growth will be 'rather modest' in the coming quartersHe's mainly just repeating the policy statement for the most part. USD/CHF is down 0.1% on the day to 0.8490 but off earlier lows after the SNB decision of 0.8458 at least. This article was written by Justin Low at www.forexlive.com.

Sep 26, 2024 - 13:50
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SNB chairman Jordan: Inflation pressures have decreased significantly in Switzerland
  • Further rate cuts may be necessary in the coming quarters
  • Stronger franc, lower oil and electricity prices contributed to lower inflation forecasts
  • Swiss economic growth will be 'rather modest' in the coming quarters

He's mainly just repeating the policy statement for the most part. USD/CHF is down 0.1% on the day to 0.8490 but off earlier lows after the SNB decision of 0.8458 at least.

This article was written by Justin Low at www.forexlive.com.
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