Swiss National Bank Surprise 50 Basis Point Rate Hike, Raises to Stabilize Inflation

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  • 31 Jan '22 at 12:55 pm #33193
    Truman
    Participant

    SNB Jordan:

    We have to take inflation development seriously
    Some of this inflation is certainly temporary. We expect it to come down again.
    All central banks have to be careful that it doesn’t become permanent, and that requires close monitoring of the situation.
    US Fed raising rates is a good sign for US economy, shows it is working at capacity.
    Fed raising rates also means that interest rates around the world are going up a little bit, that’s positive news for us
    In the medium and long term monetary policy must ensure that inflation is always within the price stability range.

    31 Jan '22 at 12:56 pm #33194
    Truman
    Participant

    Nothing new here – more of the blandly obvious from Jordan

    16 Jun '22 at 10:59 am #31199
    Administrator
    Keymaster

    The Swiss National Bank surprise 50 basis point hike has isolated Japan as the lone adherent to extremely easy monetary policy. Prior was -0.75%
    [See the full post at: Swiss National Bank Surprise 50 Basis Point Rate Hike, Raises to Stabilize Inflation]

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