RSS SNB chairman Schlegel: Inflationary pressure has decreased markedly over the medium term

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 RSS SNB chairman Schlegel: Inflationary pressure has decreased markedly over the medium term

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  • Without today's rate cut, inflation forecast would have been lower
  • Will continue to monitor inflationary pressures
  • And will adjust monetary policy if necessary to maintain price stability
  • Remains willing to intervene in FX market as necessary
  • Rate cuts will continue to be the main instrument if monetary policy needs to be eased further
This article was written by Justin Low at www.forexlive.com.
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