SNB’s Jordan: We are no longer focusing on forex sales

  • Inflation pressures have decreased slightly but uncertainty remains high
  • Swiss inflation likely to rise in the coming months
  • Assessment for upside and downside risks for inflation are currently balanced
  • Will adjust monetary policy if necessary to keep within price stability goal

This further solidifies the notion that they have moved to a more neutral policy stance, with the change in language in the statement earlier also reflecting that.

This article was written by Justin Low at Source