SNB board member Andrea Maechler said an in interview, “it is not out of the question that, based on new figures and developments, further rate hikes may be necessary to ensure price stability in the medium term.”
“So it is really important to make an overall assessment with the figures we will have in December,” she said.
Regarding inflation, “on the one hand, a single figure will never allow us to claim victory, and on the other hand, it is still 3%, far from the range that we associate with price stability,” Maechler said.”We will claim victory when inflation settles below 2% on a sustainable basis.”
