US EditionSwiss National Bank chairman says Middle East conflict will hit economy
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The conflict in the Middle East is hitting the economy, resulting in slower growth and higher inflation in Switzerland. However, the Swiss National Bank (SNB) has unlimited room for maneuver to maintain price stability, SNB President Martin Schlegel said at the central bank's annual general meeting in Bern.
SNB's Schlegel Flags Global Uncertainty from Middle East Conflict, Signals Policy Readiness - ActionForex
SNB Chair Martin Schlegel warned that the Middle East conflict is injecting significant uncertainty into the global economy, with rising energy prices set to push inflation higher in the months ahead. He noted that “the higher energy prices will lead to a further increase in inflation in many countries,” while also cautioning that global growth […] The post SNB’s Schlegel Flags Global Uncertainty from Middle East Conflict, Signals Policy Readine…
According to SNB director Martin Schlegel, the conflict in the Middle East has also had an impact on Switzerland. The uncertainty regarding the development of the Swiss economy and inflation has "significantly increased".
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