SNB’s Jordan: Taking a risk on a Credit Suisse bankruptcy would have been irresponsible SNB CentralBanks InterestRate USDCHF
is addressing a press conference after the central bank announced a 50 basis points rate hike, lifting the key rate to 1.50% in the March quarter.measures are not gifts.”“We raising“Further rate rises cannot be ruled out to ensure price stability.”“Swiss inflation is still clearly above the range for price stability.““In Q4 2022 SNB sold forex worth around 27 billion Francs.”
“We will sell forex in the future and also remain willing to buy to counter excessive appreciation pressure on Franc.”USD/CHF consolidates losses near 0.9135 on the above comments, shedding 0.45% on the day.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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