SNB's Jordan: We believe monetary conditions are appropriate at the moment

<ul><li>We do not forecast any tightening given the forecasts so far</li><li>Will adapt policy to contain inflation within price stability target</li><li>Will look at inflation very closely when making next decision</li></ul><p>Just in case it wasn't clear before, Jordan is now explicitly commenting that they are not looking at any more rate hikes; all else being equal that is.</p>

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