What concerns did the Swiss National Bank have regarding Swiss growth?
SNB's Jordan Says 'War Against Inflation Is Not Yet Over'
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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.
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Why did the Swiss National Bank decide to wait and see the situation in December?
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