(Finance) – The Swiss Central Bank (SNB) left interest rates unchanged at 1.75%, meeting market expectations.
“Inflationary pressure decreased slightly during the last quarter, but uncertainty remains high” – warns the SNB in the note accompanying the monetary policy decision -. The Central Bank will continue to “carefully observe” developments and, if necessary, “will adjust monetary policy ” to ensure that medium-term inflation remains within the area of price stability.
“Inflation in November was 1.4% and therefore at a slightly lower level than that of previous months. The slight decline – explains the central institute – is mainly attributable to the lower increase in the price of goods as well as services in the tourism sector”. Therefore, concludes the SNB “for the next few months, however, inflation can be expected to rise again slightly due to an increase in energy prices and rents as well as an increase in value added tax”.