SNB's Maechler: Further rate hikes cannot be ruled out

<ul><li>It cannot be ruled out that we will need to further hike interest rates</li></ul><p>This comes despite the <a href="https://www.forexlive.com/news/switzerland-june-cpi-17-vs-18-yy-expected-20230703/" target="_blank" rel="follow">June inflation figure</a> falling back to the SNB's target for price stability, which is defined between 0% and 2%. The data in the next few months is going to be key in determining further the strength of the above argument by Maechler.</p>

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