SNB's Maechler: March rate hike serves to only slow inflation towards 2% mark

Swiss National Bank (SNB) policymaker, Andréa Maechler, said on Wednesday, “March rate hike serves to only slow inflation towards the 2% mark.”

Additional quotes

“Swiss inflation is slowing but still a worry.”

“We are ready to sell foreign currencies.”

Market reaction

USD/CHF was last seen trading at 0.8976, up 0.15% on the day, supported by the rebound in the US Dollar across the board.