Swiss National Bank reiterates it can act at any time if needed

Swiss National Bank reiterates it can act at any time if needed

Summary :

ZURICH, July 28 (Reuters) – The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems it necessary, the bank said in an interim publication on Thursday, reiterating its standard position.

“In addition, the SNB may take monetary policy measures at any time between regular assessment dates if circumstances so require,” it added.

In June, the SNB raised its policy interest rate for the first time in 15 years in a surprise move and said it was ready to hike further, joining other central banks in tightening monetary policy to fight resurgent inflation. Other central banks are also raising rates as they attempt to cool inflation driven higher by surging fuel and food prices that are straining budgets for households and businesses.

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