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.