Weekend news: Swiss National Bank (SNB) Chair Jordan flagged further interest rate hikes

<p>Swiss National Bank (SNB) Chairman Thomas Jordan spoke in an interview aired by Swiss broadcaster SRF on Saturday.</p><p>Of note, Jordan Jordan said the SNB's recent interest rate hike was "very likely not quite" enough to come fully to grips with the high rate inflation in Switzerland.
</p><p>His remarks came after the SNB hiked its policy interest rate by 25 basis points on Thursday:</p><ul><li><a href="https://www.forexlive.com/centralbank/snb-raises-policy-rate-by-25-bps-to-175-as-expected-20230622/" target="_self" rel="follow">SNB raises policy rate by 25 bps to 1.75%, as expected</a></li><li><a href="https://www.forexlive.com/centralbank/snbs-jordan-we-cannot-rule-out-further-monetary-policy-tightening-20230622/" target="_self" rel="follow">SNB's Jordan: We cannot rule out further monetary policy tightening</a></li><li><a href="https://www.forexlive.com/centralbank/snbs-jordan-the-view-that-policy-would-be-better-by-not-tightening-today-is-false-20230622/" target="_self" rel="follow">SNB's Jordan: The view that policy would be better by not tightening today is false</a></li></ul><p>Jordan also had comments on the recent rescue of Credit Suisse (now taken over by UBS). </p>

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