WS #14676
The Swiss National Bank Chairman emphasized that the size of the balance sheet is a result of policy rather than a goal, while signaling readiness to intervene if the Franc becomes too attractive due to rate differentials. In Sweden, the Riksbank held rates at 1.75%, citing inflation concerns. These developments suggest central banks are prioritizing currency stability and inflation control over growth support, keeping pressure on rate-sensitive growth assets.
Global Central Bank Policy & FX
The Swiss National Bank Chairman emphasized that the size of the balance sheet is a result of policy rather than a goal, while signaling readiness to intervene if the Franc becomes too attractive due to rate differentials. In Sweden, the Riksbank held rates at 1.75%, citing inflation concerns. These developments suggest central banks are prioritizing currency stability and inflation control over growth support, keeping pressure on rate-sensitive growth assets.