Weekend news: Swiss National Bank (SNB) Chair Jordan flagged further interest rate hikes

Swiss National Bank (SNB) Chairman Thomas Jordan spoke in an interview aired by Swiss broadcaster SRF on Saturday.

Of note, Jordan Jordan said the SNB’s recent interest rate hike was “very likely not quite” enough to come fully to grips with the high rate inflation in Switzerland.

His remarks came after the SNB hiked its policy interest rate by 25 basis points on Thursday:

Jordan also had comments on the recent rescue of Credit Suisse (now taken over by UBS).

This article was written by Eamonn Sheridan at www.forexlive.com. Source