World Adapts to Fed s Rate Order in 36-Hour Sequence swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
(Bloomberg) — The Swiss National Bank isn’t inclined to invest its reserves in cryptocurrencies like Bitcoin, President Thomas Jordan said. “We have so far not decided to invest in Bitcoin and for good reasons,” he told the central bank’s annual shareholder meeting on Friday in Bern. “Currency reserves are international means of payment, which need…
Speaking at SNB's annual shareholder meeting, President Thomas Jordan highlighted the achievement in lowering inflation to below 2%, a milestone that enabled the bank to implement a rate cut last month.
Dollar remains stable in early US session despite release of another set of persistently high inflation figures. The strong rebound in DOW futures suggest that investors are somewhat relieved to see no disastrous surge in inflation rates. Additionally, robust spending growth appears set to continue bolstering the US economy, even as Fed is set to maintain higher interest rates for an for much longer.
Swiss Inflation Unexpectedly Slows, Vindicating SNB Rate Cut bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.