Swiss central bank governor warns against adjusting interest rates instinctively based on price data.

Swiss National Bank President Schlegel said that even if inflation data is negative, the Swiss National Bank does not need to react to every monthly inflation data. The central bank president said on Tuesday in Basel that policymakers will avoid letting specific statistical reports distract them from their targets. "We will not be guided by individual inflation data," Schlegel said. "Even in the coming months, negative inflation data cannot be ruled out. The Swiss National Bank does not need to react to this. Our focus is not on the current inflation rate, but on medium-term price stability."