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SNB’s expansionary policy remains important, Maechler tells Le Temps
The Swiss National Bank’s expansionary monetary policy remains critical given low Swiss inflation, said SNB governing board member Andrea Machler, showing good progress for the Swiss economy despite rising consumer prices. . “(The return of inflation) is a very solid sign that the economy is on the right track,” McClure said in an interview published by the Swiss newspaper Le Temps on Friday. “It is now at 0.9%, which is completely within our range of definition of price stability.” SNB holds its next policy meeting on 23rd September. President Thomas Jordan, who is recovering from a heart operation, may or ... (full story)