Swiss National Bank ready for further tightening of monetary policy

The Swiss National Bank is ready to tighten monetary policy to ease inflationary pressure that is spreading across many sectors of the economy, Deputy Chairman of the Bank’s Board of Directors Martin Schlegel said on June 2, Report informs.

“We are seeing increasing signs of inflation spreading to many non-energy and supply chain goods and services,” he said.

According to Schlegel, the bank is also ready, if necessary, to intervene in the foreign exchange market.