Swiss Franc: A Key Factor for Low Inflation According to SNB President

The President of the Swiss National Bank (SNB), Thomas Jordan, stated that the strong value of the Swiss franc played a crucial role in maintaining the country's low inflation levels. According to him, the strength of the franc has been an important tool in combating inflationary pressures observed in the global economy.

Jordan noted that despite the challenges and uncertainties in the financial markets, the Swiss economy remains stable due to the robust currency. This stability allows a focus on the domestic economy without being influenced by external factors, which is particularly vital amid rising global commodity prices and other products.

He also emphasized that the SNB employs various tools to control inflation and achieve its macroeconomic goals. This approach helps protect the purchasing power of citizens and maintain economic stability.

According to the latest data, inflation in Switzerland has remained within acceptable levels over the past few months, indicating a high level of trust in the actions of the SNB and the overall financial system.

Jordan concluded his speech optimistically, expressing confidence that the joint efforts of the bank and the government will help overcome current economic challenges and maintain the stability of the Swiss economy.

This confident statement from the SNB president underscores the importance of monetary policy in ensuring economic growth and low inflation in the country.

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