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Jordan Reiterates SNB Risk Management Approach At Annual General Assembly

SNB
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SNB President Jordan struck a similar tone to earlier speeches and gave no commentary on potential further rate cuts later this year in his talk at the SNB's annual general assembly. He does reiterate elevated ongoing uncertainty, as well as the SNB's risk management approach. Some key quotes from his speech below:

  • "Inflation has now been back below 2% for several months and, according to our latest forecast, is likely to remain stable over the next few years. Of course there is no guarantee for that."
  • "In the current environment, uncertainty remains elevated and new disruptions can occur at any time. We will therefore closely monitor the further development of inflationand adjust monetary policy again if necessary."
  • "We pursue a risk management approach when making decisions. The aim is to make monetary policy decisions that deliver satisfactory results for a broad range of scenarios rather than those that are optimal for a specific scenario but produce very poor results for many other scenarios."
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SNB President Jordan struck a similar tone to earlier speeches and gave no commentary on potential further rate cuts later this year in his talk at the SNB's annual general assembly. He does reiterate elevated ongoing uncertainty, as well as the SNB's risk management approach. Some key quotes from his speech below:

  • "Inflation has now been back below 2% for several months and, according to our latest forecast, is likely to remain stable over the next few years. Of course there is no guarantee for that."
  • "In the current environment, uncertainty remains elevated and new disruptions can occur at any time. We will therefore closely monitor the further development of inflationand adjust monetary policy again if necessary."
  • "We pursue a risk management approach when making decisions. The aim is to make monetary policy decisions that deliver satisfactory results for a broad range of scenarios rather than those that are optimal for a specific scenario but produce very poor results for many other scenarios."