SNB’s Jordan: Absolute priority should be to bring inflation down to price stability level
|Swiss National Bank (SNB) Chairman Thomas Jordan said in a scheduled speech on Friday, “absolute priority should be to bring inflation down to price stability level.”
Additional quotes
“We should not underestimate second-round effects of inflation.”
“Firms are not hesitating to increase prices, not easy to bring inflation back to 2%.”
“Once inflation is high, pressure from wages is here.”
“Negative rates were abstolutely essential, happy we are out of this era.”
“Wouldn't hesitate to go back to negative interest rates again to deal with negative inflation.”
“Balance sheet is result of monetary policy, had to expand it because exchange rate was too strong.”
“Now able to sell some of forex reserves again.”
“Composition of balance sheet made a lot of sense, we will continue with our investment strategy.”
Market reaction
USD/CHF was last seen trading 0.19% higher on the day at 0.9177.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.