SNB Chairman Schlegel Signals Gradual Inflation Policy Ahead

The Swiss National Bank (SNB) is set to adopt a gradual approach to inflation in the coming quarters, according to Chairman Thomas Schlegel. In a recent statement, Schlegel emphasized the bank’s commitment to maintaining price stability while adjusting monetary policy as necessary.

Current Monetary Policy and Economic Outlook

The SNB’s current monetary policy remains expansive, allowing for low interest rates that have proven effective in influencing the exchange rate. Schlegel reported that inflation pressure has remained stable since the previous quarter, indicating a steady economic climate. He stated, “We will continue to observe the situation and adjust monetary policy where necessary to keep price stability.”

In terms of economic growth, Schlegel expressed a moderate outlook for the global economy in the upcoming quarters. He noted that uncertainty has decreased slightly compared to earlier assessments, which is a positive sign. However, he cautioned that significant risks continue to loom over the global market, particularly highlighting potential impacts from US tariffs.

The SNB is prepared to intervene in the currency market if required, underscoring its proactive stance on managing economic challenges. Schlegel reassured stakeholders that the bank’s policy supports not only price stability but also economic growth.

As the global economy navigates through these complex dynamics, the SNB’s measured approach reflects an awareness of both domestic and international economic conditions. The Chairman’s remarks indicate that while the situation may be stable for now, the SNB remains vigilant and ready to adapt its strategies in response to changing economic realities.

This information was reported by Giuseppe Dellamotta at investinglive.com.