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Swiss National Bank President Thomas Jordan highlights the risk of higher inflation due to a weaker franc. He sees an upward risk to the central bank's inflation forecast, emphasizing the importance of addressing the weak franc as a key factor affecting Swiss inflation. The SNB maintains a cautious approach, with the possibility of FX interventions if necessary.
Swiss Franc Pinned Against Dollar, Euro, But Has Tailwind Versus Yen https://t.co/lgx0Qc8AIG
Switzerland’s proposal to significantly increase capital requirements for UBS will be counterproductive, according to a major activist investor in the bank https://t.co/gmhzoiuenl via @markets @paula_doenecke #Switzerland
🇨🇭SNB President Thomas Jordan's speech on r*: "the possibility that r* may have increased represents an upward risk to this inflation outlook". This confirms the SNB's cautious approach, with FX interventions still available if needed. (1/2) https://t.co/IZlrcp3Pil https://t.co/wewzKCgNQd