SNB’s Jordan: Absolute priority should be to bring inflation down to price stability level
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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.”
“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.”
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