Swiss National Bank President Jordan spoke Tuesday on the CHF, inflation and the economy

<p>ICYMI – Swiss National Bank President Thomas Jordan spoke on Tuesday, at an event in the Swiss town of Brig. </p><p>Jordan once again addressed the strong Swiss franc, saying it has helped to cap inflation:</p><ul><li>“The nominal appreciation of the franc has lowered inflation” </li><li>

“The real appreciation was much lower, but the franc has also appreciated in real terms in 2023. And that hurts, companies feel that”</li></ul><p>On the economy, sees no recession:</p><ul><li>“Economists are confident that there won’t be a recession — and we are also confident, otherwise we would forecast one” </li><li>“No recession, just weak growth”</li></ul><p>***</p><p>Latest expectations centre on a Swiss National Bank rate cut in Q3 of 2024, likely September. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.