Ladies and gentlemen Welcome to this year’s Money Market Event of the Swiss National Bank in Zurich. It is a great pleasure to see so many of you here this evening. A year ago, at the time of our last Money Market Event in Zurich, the number one issue for the SNB and central banks worldwide was inflation. Global inflation had risen sharply in 2021, driven by a surge in energy prices, supply chain disruptions and strong economic demand as the coronavirus lockdowns came to an end (cf. chart 1). The war in Ukraine further exacerbated the situation. As a result, inflation also picked up in Switzerland (red line in chart ... (full story)

SNB's governing board member Martin is on the wires saying : • Interest rates, FX interventions have brought inflation under control. • Swiss inflation likely to remain in zero – 2% range for the next three years (full story)