The President of the Swiss National Bank (SNB), Thomas Jordanhas stated in a speech scheduled for Friday that “the absolute priority must be to reduce inflation to the level of price stability“.
Additional comments
“We should not underestimate the secondary effects of inflation.”
“Companies do not hesitate to raise prices, it is not easy to bring inflation back to 2%“.
“Once inflation is high, the pressure of wages comes“.
“Negative rates were absolutely essentialI’m glad we’re out of this era.”
“I wouldn’t hesitate to go back to negative interest rates to deal with negative inflation.”
“The financial balance is the result of monetary policy, it had to be expanded because the exchange rate was too strong.”
“Now we can sell part of the foreign exchange reserves again.”
“The composition of the balance sheet made a lot of sense, we will continue with our investment strategy“.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
