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SNB Maechler won’t hesitate to raise rates if inflation stays off target

SNB Maechler

SNB Andrea Maechler said in a newspaper article:

  • SNB won’t hesitate to hike interest rates if inflation stays off target

The comments reiterate comments made by SNB Jordan last Thursday which also hinted at the action (see post here)

The Swiss CPI is currently at 2.5% in April. It was 2.4% in March. Forecasts still call for inflation to decline to 1.8% in the fourth quarter of 2022, with 2023 members expecting 0.9%. Traders will watch for any increases in these projections going forward.

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