SNB's Jordan Says 'War Against Inflation Is Not Yet Over'

The Swiss National Bank (SNB) decided to hold interest rates at 1.75% despite expectations of a hike. This decision was influenced by a lower inflationary pressure forecast and tighter monetary conditions. Concerns about Swiss economic growth, which showed stagnation in the second quarter, also played a role. The SNB remains cautious about future inflation, indicating that the fight against inflation is ongoing and future rate hikes are possible.

What concerns did the Swiss National Bank have regarding Swiss growth?

Why did the Swiss National Bank decide to wait and see the situation in December?