{"id":1673624,"date":"2022-10-05T09:52:58","date_gmt":"2022-10-05T13:52:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673624"},"modified":"2022-10-05T09:53:17","modified_gmt":"2022-10-05T13:53:17","slug":"swiss-national-banks-maechler-says-further-rate-hikes-quite-possible","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/swiss-national-banks-maechler-says-further-rate-hikes-quite-possible\/","title":{"rendered":"Swiss National Bank\u2019s Maechler says further rate hikes \u2018quite possible\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fswiss-national-banks-maechler-says-further-rate-hikes-quite-possible%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673624&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>ZURICH (Reuters) \u2013     The Swiss National Bank is prepared to raise interest rates further to tackle inflation after its recent 75-basis-point hike, SNB Governing Board member Andrea Maechler said on Wednesday.<\/p>\n<p>\u201cIt could be quite possible that we have to make further interest rate increases,\u201d Maechler told an event in Zurich. \u201cWe will have to see over time.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The central bank ended its era of negative interest rates last month when it raised its policy rate to 0.5%, switching its focus to curbing inflation from trying to stem the rise of the safe-haven franc.<\/p>\n<p>After being virtually absent over the last 30 years, inflation has returned, Maechler added, with Swiss inflation reaching 3.3% in September.<\/p>\n<p>The SNB would monitor its inflation forecasts and work towards getting inflation back towards its target of 0-2%, she told the event organised by the KOF Swiss Economic Institute.<\/p>\n<p>The strong value of the Swiss franc had helped reduce the impact of imported price rises, Maechler said, although the SNB stood ready to intervene in the currency markets, Maechler said. <\/p>\n<p>\u201cInterest rates are in the positive, that is a good thing. That means that monetary policy will be more steered through interest rates; that means we are returning to conventional monetary policy.\u201d<\/p>\n<p>\u201cStill, the exchange rate will continue to play an important role for our monetary conditions. We have said we are ready to further intervene when the franc is too strong and sell Swiss francs,\u201d Maechler said.<\/p>\n<p>\u201cAnd if the franc becomes significantly weaker we are ready to use our balance sheet, that means selling the foreign currencies we hold.\u201d<\/p>\n<p> (Reporting by John Revill; Editing by Michael Shields and Bernadette Baum)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/swiss-national-banks-maechler\/attachment\/andrea-maechler-governing-board-member-of-the-snb-gives-a\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI940PW-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI940PW-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZURICH (Reuters) \u2013 The Swiss National Bank is prepared to raise interest rates further to tackle inflation after its recent 75-basis-point hike, SNB Governing Board member Andrea Maechler said on<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1673624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1673624"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1673624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1673624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1673624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}