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Swiss National Bank: may take monetary policy measures any time if needed

Swiss National Bank: may take monetary policy measures any time if needed

Reuters · 07/28/2022 08:20
Swiss National Bank: may take monetary policy measures any time if

- The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems , the bank said in an interim publication on Thursday.

"The SNB conducts an in-depth monetary policy assessment in March, June, September and December. Its monetary policy decision is based on this assessment," it said in The Swiss National Bank in Brief publication.

"In addition, the SNB may take monetary policy measures at any time between regular assessment dates if circumstances so require," it added.

In June, the SNB raised its policy interest rate for the first time in 15 years in a surprise move and said it was ready to hike further, joining other central banks in tightening monetary policy to fight resurgent inflation.


(Reporting by Paul Carrel, Editing by Miranda Murray)

((paul.carrel@thomsonreuters.com))