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, […]
More on China’s priority for the recovery and expansion of domestic consumption
I’ve been posting on stimulus efforts coming out of China, most recently these: PBOC wants to boost domestic demand, expand consumption And, yesterday these: 1. policy support for the economy: 2. A potential bounce out of COVID: 3. Seasonal demand: 4. More property market support (some sources are reporting this as “China is reportedly mulling […]