Swiss National Bank Chairman Thomas Jordan said today “It’s really important to bring Swiss inflation to a level of price stability.”
He added that inflation is more persistent that the bank thought, adding that there are signs of second and third round effects.
Jordan also emphasized that it would not be a good idea to wait for inflation to rise and then have to raise interest rates.
“When inflation remains under 2% for a long time, we don’t have a problem,” Jordan noted.
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