UPDATE: Swiss National Bank (SNB) Chairman Schlegel just announced a strategic shift in monetary policy aimed at gradually stoking inflation over the coming quarters. This urgent update comes as the SNB continues to prioritize price stability while adapting to fluctuating economic conditions.
In his latest statement, Schlegel emphasized that the central bank will closely monitor the situation and make necessary adjustments to maintain equilibrium in the economy. He noted, “Our monetary policy remains expansive and supports growth,” signaling a commitment to foster economic recovery amid ongoing challenges.
Schlegel stated that the midterm inflation pressure has remained largely unchanged since the previous quarter, indicating a stable outlook despite the current global uncertainties. He reassured that the SNB is prepared to intervene in the currency market if required, highlighting the low interest rate’s effectiveness through the exchange rate.
The Chairman acknowledged a slight decline in uncertainty compared to the last assessment, offering a glimmer of optimism. However, he cautioned that significant risks still loom over the global economy, particularly citing the impact of US tariffs as a prominent concern.
Looking ahead, the SNB anticipates moderate growth in the global economy in the next quarters, but officials remain vigilant regarding potential disruptions. The central bank’s proactive approach aims to navigate these challenges while fostering sustainable economic growth.
As this situation develops, market analysts and investors are encouraged to stay informed on the SNB’s policy decisions, which could have far-reaching implications for inflation and economic stability in Switzerland and beyond.
This announcement was reported by Giuseppe Dellamotta at investinglive.com, reflecting the SNB’s ongoing commitment to adapt in a rapidly changing economic landscape. Stay tuned for more updates as the situation unfolds.
