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© Reuters. FILE PHOTO: Swiss National Bank (SNB) Chairman Thomas Jordan addresses a news conference in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – The Swiss National Bank gave another strong hint it will raise interest rates again, when Chairman Thomas Jordan on Tuesday said current monetary policy was too loose to tackle inflation in Switzerland.
“Monetary policy is still expansionary and we have most likely to adjust monetary policy again,” Jordan told an event in Zurich on Tuesday.
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