Sage Investment Club

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.”

Market reaction

USD/CHF was last seen trading 0.19% higher on the day at 0.9177.

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