URGENT UPDATE: Swiss National Bank (SNB) Chairman Thomas Schlegel has just announced a strategic shift in the SNB’s monetary policy, indicating a deliberate approach to slowly stoke inflation over the coming quarters. This announcement arrives at a pivotal moment as global economic uncertainties persist.
In a statement released earlier today, Schlegel emphasized that the bank will closely monitor economic conditions and adjust its policies as necessary to maintain price stability. He noted, “Our monetary policy remains expansive and continues to support growth,” highlighting the SNB’s commitment to fostering economic resilience in the face of global challenges.
Schlegel revealed that the midterm inflation pressure is largely unchanged from the previous quarter, suggesting that the SNB is poised for careful intervention. He stated, “We remain ready to intervene in the currency market as necessary,” reinforcing the bank’s proactive stance in safeguarding the Swiss franc’s value against external shocks.
Amid these developments, the SNB also pointed out that uncertainty has decreased slightly compared to prior assessments. However, Schlegel cautioned that significant risks remain, particularly due to ongoing tensions surrounding US tariffs that could impact the global economy.
The Chairman’s remarks reflect a broader expectation for moderate growth in the global economy over the next few quarters. He underscored the importance of adapting monetary policy to navigate these challenges effectively.
Investors and economists alike are urged to stay alert as the SNB’s policy adjustments could have far-reaching effects on both local and international markets. As the situation evolves, the emphasis on continuous monitoring and readiness to act will be crucial for maintaining stability.
Stay tuned for further updates as this story develops.
