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SNB’s Maechler: Rising rates was intended to send a clear signal on inflation

Summary:
Comments from the SNB policymaker Declines to comment on further interest rate moves We see a weakening in the Swiss economy but no recession Acting now to make sure inflation doesn’t become entrenched Recent rise in franc helped dampen inflation The SNB is expected to rise 50 or 75 bps at the next meeting.   [embedded content] Tags: central-banks,Featured,newsletter

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Comments from the SNB policymaker

  • Declines to comment on further interest rate moves
  • We see a weakening in the Swiss economy but no recession
  • Acting now to make sure inflation doesn’t become entrenched
  • Recent rise in franc helped dampen inflation

The SNB is expected to rise 50 or 75 bps at the next meeting.


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