The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on Saturday,
Jordan defended the central bank’s commitment to price stability, which he defined as inflation below 2% but in positive territory, in the article in Swiss newspaper Corriere del Ticino.
“Most central banks have an inflation target of about 2%, the SNB is slightly more conservative,” Jordan said. “The 2% target is not a dogma, nor the will of a particular interest group.
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