SNB's Jordan: Bank to readjust policy if needed - Breaking The News

SNB's Jordan: Bank to readjust policy if needed

20 June

1 min read

EPA-EFE/YONHAP

Swiss National Bank (SNB) Chairman Thomas Jordan said on Thursday that the central bank will have to continue monitoring the inflation path and adjust its monetary policy if needed.

The central banker noted that inflation increased slightly to 1.4% in May, pushed by higher prices in rents, tourism services and oil products. However, he pointed out that "the underlying inflationary pressure has decreased further compared with the previous quarter owing to somewhat lower second-round effects."

Jordan also reiterated that the bank will use its monetary policy measures "to ensure that inflation remains within the range consistent with price stability on a sustainable basis over the medium term."

inflation monetary policy snb

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