finance
Swiss Central Bank Minutes Note Greater Readiness to Act on Currency
Minutes from the Swiss National Bank's latest policy meeting show officials see monetary conditions as appropriate and inflation pressures largely stable. The bank recorded an increased willingness to intervene in foreign exchange markets if needed.
Jul 16, 3:38 AM·1m read1 source
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The minutes also record an increased willingness to intervene in currency markets if conditions warrant. Inflation pressures are described as virtually unchanged.
Officials expect inflation to rise somewhat further in coming quarters. The minutes note significantly elevated uncertainty linked to developments in the Iran conflict. The bank assessed that no immediate policy adjustment is required at this time.
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