SNB's Jordan Says 'War Against Inflation Is Not Yet Over'

The Swiss National Bank (SNB) decided to hold interest rates at 1.75% despite expectations of a hike. This decision was influenced by a lower inflationary pressure forecast and tighter monetary conditions. Concerns about Swiss economic growth, which showed stagnation in the second quarter, also played a role. The SNB remains cautious about future inflation, indicating that the fight against inflation is ongoing and future rate hikes are possible.

Why did the Swiss National Bank decide to hold the interest rates at 1.75%?

• To align with global interest rate trends

• Due to increased inflationary pressure

• Because of a decrease in inflationary pressure and tighter monetary conditions

• To stimulate economic growth

What was a significant factor in the Swiss National Bank's decision to maintain the current monetary policy?

• High inflation levels

• Strong economic growth

• Stagnation in Swiss growth and low inflation

• Pressure from international markets

What is the Swiss National Bank's stance on providing forward guidance?

• They provide detailed future plans

• They do not provide forward guidance

• They only provide guidance during economic crises

• They provide guidance based on international trends

What is the current inflation rate outlook for Switzerland according to the Swiss National Bank?

• It is stable at 2.5%

• It is expected to drop below 1%

• It is close to 2% but could exceed the stability range

• It is expected to remain above 3%

What is the Swiss National Bank's approach to monitoring inflation?

• They have stopped monitoring inflation

• They rely on international reports for inflation data

• They are closely observing inflation trends

• They are not concerned about inflation