SNB's Jordan: We will not hesitate to tighten monetary policy further if necessary

<ul><li>Will review at the next meeting whether measures taken to date are sufficient to keep inflation within price stability range on a sustainable basis</li><li>To this end, we will monitor inflation developments closely in the coming weeks</li></ul><p>The tactic is one that is employed by all major central banks at the moment, unless you're the BOJ of course. But in all likelihood, they are to stay on the sidelines as inflation pressures have eased off quite a fair bit in Switzerland compared to elsewhere.</p>

This article was written by Justin Low at www.forexlive.com.