The post We need expansive monetary policy to support inflation appeared on BitcoinEthereumNews.com. Swiss National Bank (SNB) President Martin Schlegel said that consumer-price growth in Switzerland is expected to accelerate a bit, Bloomberg reported on Saturday. Key quotes Inflation in our country is within the range of price stability — so between 0 and 2%. It is currently at the lower end of this range. Our monetary policy is currently expansionary, which means it supports inflation. And if necessary, we’ll adapt our policy, because price stability is our priority. Uncertainty is poison for the economy. Market reaction At the time of writing, the USD/CHF pair is trading 0.16% higher on the day to trade at 0.8090. SNB FAQs The Swiss National Bank (SNB) is the country’s central bank. As an independent central bank, its mandate is to ensure price stability in the medium and long term. To ensure price stability, the SNB aims to maintain appropriate monetary conditions, which are determined by the interest rate level and exchange rates. For the SNB, price stability means a rise in the Swiss Consumer Price Index (CPI) of less than 2% per year. The Swiss National Bank (SNB) Governing Board decides the appropriate level of its policy rate according to its price stability objective. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame excessive price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. Yes. The Swiss National Bank (SNB) has regularly intervened in the foreign exchange market in order to avoid the Swiss Franc (CHF) appreciating too much against other currencies. A strong CHF hurts the competitiveness of the country’s powerful export sector.… The post We need expansive monetary policy to support inflation appeared on BitcoinEthereumNews.com. Swiss National Bank (SNB) President Martin Schlegel said that consumer-price growth in Switzerland is expected to accelerate a bit, Bloomberg reported on Saturday. Key quotes Inflation in our country is within the range of price stability — so between 0 and 2%. It is currently at the lower end of this range. Our monetary policy is currently expansionary, which means it supports inflation. And if necessary, we’ll adapt our policy, because price stability is our priority. Uncertainty is poison for the economy. Market reaction At the time of writing, the USD/CHF pair is trading 0.16% higher on the day to trade at 0.8090. SNB FAQs The Swiss National Bank (SNB) is the country’s central bank. As an independent central bank, its mandate is to ensure price stability in the medium and long term. To ensure price stability, the SNB aims to maintain appropriate monetary conditions, which are determined by the interest rate level and exchange rates. For the SNB, price stability means a rise in the Swiss Consumer Price Index (CPI) of less than 2% per year. The Swiss National Bank (SNB) Governing Board decides the appropriate level of its policy rate according to its price stability objective. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame excessive price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. Yes. The Swiss National Bank (SNB) has regularly intervened in the foreign exchange market in order to avoid the Swiss Franc (CHF) appreciating too much against other currencies. A strong CHF hurts the competitiveness of the country’s powerful export sector.…