SNB’s Maechler: The need for further rate hikes cannot be ruled out

Share:

Swiss National Bank (SNB) governing board member, Andrea Maechler, made some comments on the interest rates outlook during her speech on Thursday.

She said: “It cannot be ruled out that we will need to further hike interest rates.”

Market reaction

On the hawkish remarks, USD/CHF is testing daily lows near 0.8980, down 0.07% on the day.