SNB President Says Inflation will Decrease Next Year

The transcript covers discussions on the Swiss average rate overnight, its comparison with the SME policy area, and the instruments available to control it. It addresses global and Swiss inflation trends, emphasizing the transitory nature of inflation and the expected narrowing of inflation differentials. The valuation of the Swiss franc is analyzed, highlighting its high value and the potential need for intervention. Finally, concerns about the booming residential property market in Switzerland are discussed, including the possibility of reactivating the countercyclical capital buffer for banks.

What is the Swiss National Bank's view on the valuation of the Swiss franc?

How does the Swiss National Bank plan to maintain price stability?

What concerns does the Swiss National Bank have regarding the residential property market?