Swiss National Bank's Martin: Inflation likely to remain elevated for some time

FXStreetSep 24, 2026 8:16 AM

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Swiss National Bank (SNB) Vice Chairman Antoine Martin is addressing the press conference following the September monetary policy assessment, in which the central bank held interest rates unchanged at 0%.

Key quotes

Global economic growth stronger than expected in second quarter.

Anticipate moderate growth in global economy over the coming quarters.

Consumer spending barely slowed despite loss of purchasing power.

Ongoing improvement in manufacturing momentum will support growth.

Energy prices could turn out to be significantly higher than expected.

High uncertainty remains, mainly because of situation in the Middle East.

Inflation likely to remain elevated for some time.

Market reaction

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