Swiss National Bank's Martin anticipates inflation to remain elevated over coming quarters
Swiss National Bank (SNB) Vice Chairman Antoine Martinis is speaking at the press conference following the June monetary policy assessment, in which the central bank held interest rates unchanged at 0%.
Key quotes
Anticipate inflation worldwide to remain elevated over coming quarters due to higher raw material prices.
Business and household sentiment deteriorated due to rising energy prices.
Global economic growth solid overall in first quarter, supported by AI spending
Baseline scenario subject to high uncertainty as situation in middle east still fragile, trade policy environment remains uncertain.
This will likely weigh on consumers' purchasing power, result in more moderate global economic growth.
Market reaction
At the press time, the Swiss Franc (CHF) is losing ground against the US Dollar (USD), with USD/CHF trading 0.09% higher on the day at 0.8006.
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