SNB's Roth says rates not high enough yet

Swiss National Bank (SNB) chairman Jean-Pierre Roth said in an interview published Wednesday 21 February that Switzerland's current interest rate level is still not high enough to guarantee price stability in the medium-term.

"We are closing in on a neutral point. But where it eventually will be depends on the inflation outlook," Roth said in the interview with Swiss finance bi-weekly Finanz und Wirtschaft.

Roth also said he was satisfied with the effects of the SNB's recent normalization policy.

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