2024-09-27 00:32
业内SNB chairman Jordan: Swiss franc rise a major fact
The language is not much changed to that in June really. Back then, they noted about how "further policy adjustments" might be necessary. Now, they're being more explicit in saying that "further rate cuts" might be necessary. But it's all semantics, there was never any doubt that they were referring to rate cuts already in June.
The communique from Jordan is just letting markets know that they will be there if they do feel the franc is overstepping. But by falling short of labelling the franc as being "overvalued", it could lead to traders thinking that they aren't going to be too forceful on the issue yet.
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SNB chairman Jordan: Swiss franc rise a major fact
| 2024-09-27 00:32
The language is not much changed to that in June really. Back then, they noted about how "further policy adjustments" might be necessary. Now, they're being more explicit in saying that "further rate cuts" might be necessary. But it's all semantics, there was never any doubt that they were referring to rate cuts already in June.
The communique from Jordan is just letting markets know that they will be there if they do feel the franc is overstepping. But by falling short of labelling the franc as being "overvalued", it could lead to traders thinking that they aren't going to be too forceful on the issue yet.
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