6 August
Mahler from SNB is determined to decrease inflation
Board member of the Central Bank of Switzerland Andrea Mahler declared that the bank would do everything necessary to decrease the growth of prices, that’s why the monetary authorities increased the credit rates in the past week.
In the interview with SRF Mahler noted that the prices rise for more goods and services, so tightening of monetary policy signals to society that monetary authorities are determined to fight the growing inflation.
In Switzerland, the inflation reached the level of 3.5% and exceeded the target inflation rate to 0-2% in August. The Central Bank of Switzerland reacted to this by increasing the rate by 75 points to 0.5%.
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