Swiss National Bank Chairman Thomas Jordan said it was too early to 'sound the all-clear' on high inflation after the central bank hiked interest rates again on Thursday and hinted further increases were still possible.
Chairman says too early to say inflation battle won
Although inflation plateaued at 3% in November, it remains elevated by Swiss standards and outside the SNB's price stability goal of annual increases of 0-2%. Jordan also said the SNB would continue to sell foreign currency in future "if this is appropriate" although there was no set target for how much to sell.
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