<ul><li>Underlying inflation pressure has increased</li><li>Danger remains inflation could stay elevated</li><li>It is too early to sound the all clear</li><li style=““ class=“text-align-justify“>SNB will sell forex in future if appropriate, will also buy to check excessive appreciation pressure</li></ul><p style=““ class=“text-align-justify“>Some token remarks there by Jordan. For today’s decision, it is all about the fact that they just hiked by 50 bps instead of 75 bps – which some quarters of the market hoped for.</p>

This article was written by Justin Low at www.forexlive.com.