Economics

SNB Keeps Ultra-Loose Stance, With Inflation in Comfort Zone

Deposit and policy rate stay at -0.75%, as forecast in poll
SNB reiterates pledge to use foreign-exchange interventions

WATCH: SNB President Thomas Jordan discusses inflation, interest rates and the resilience of UBS and Credit Suisse.Source: Bloomberg

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By Catherine Bosley

June 17, 2021 at 7:37 AM UTC

Updated on

June 17, 2021 at 8:21 AM UTC

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The Swiss National Bank kept up its ultra-expansive monetary-policy stance aimed at thwarting any appreciation of the franc and insisted that any nascent inflation pressures it’s seeing won’t endure.