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Top related persons:
Thomas Jordan - 1 Jordan - 1 Gero Jung - 1 Charlotte de - 1 John Revill - 1 Noele - 1 Maria Sheahan - 1 Tomasz Janowski - 1
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ZURICH Switzerland
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Swiss National Bank - 1 Swiss - 1 European Central Bank - 1 U.S . Federal Reserve - 1 Reuters Graphics Reuters - 1 Charlotte de Montpellier - 1 ING - 1 Thomson - 1

Search resuls for: "Gero Jung"


3 mentions found


☆ Swiss central bank signals more tightening to come after latest rate hike
  + stars: | 2023-06-22 | by ( John Revill | ) www.reuters.com   time to read: +4 min
Although Swiss inflation ebbed to 2.2% in May from 2.6% in April, there was still more work to be done to tackle rising prices, Jordan told reporters. Although modest by international standards, Swiss inflation has remained above the SNB's 0-2% target range since February 2022. Reuters GraphicsThe latest SNB hike followed an increase by the European Central Bank, which last week raised euro zone borrowing costs to their highest level in 22 years. Reuters Graphics Reuters GraphicsEven with the Thursday's rate increase, the SNB forecast Swiss inflation would remain above its 0-2% target by 2026. "Before today's meeting, I thought that this rate hike was going to be the last of the cycle," she said.
Persons: Thomas Jordan, Jordan, Gero Jung, Charlotte de, John Revill, Noele, Maria Sheahan, Tomasz Janowski Organizations: Swiss National Bank, Swiss, Reuters, European Central Bank, U.S . Federal Reserve, Reuters Graphics Reuters, Charlotte de Montpellier, ING, Thomson Locations: ZURICH, Switzerland
☆ Swiss National Bank raises rates, says Credit Suisse takeover prevented larger crisis
  + stars: | 2023-03-23 | by ( John Revill Noele Illien | John Revill | Noele Illien | ) www.reuters.com   time to read: +4 min
"If this solution hadn't worked, Credit Suisse (CSGN.S) would have failed, with extreme consequences for Switzerland but also the global economy," he told a press conference. The SNB Chairman said it was vital for UBS's takeover of the 167-year-old Credit Suisse to go through as smoothly as possible in order to maintain financial stability. [1/2] The Swiss National Bank (SNB) building is seen near the Limmat river in Zurich, Switzerland March 23, 2023. The Bank of England is expected to increase its interest rate by a quarter percentage point later on Thursday. "Without today's policy rate increase, the inflation forecast would be even higher over the medium term," the central bank said.
☆ UK recession may be 'less steep' than expected, says economist
  + stars: | 2022-12-15 | by ( ) www.cnbc.com   time to read: 1 min
Gero Jung, chief economist at Mirabaud, says the U.K. recession may be "less steep" than some expect, following the Bank of England's decision Thursday to raise interest rates further.
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