National bank president to keep ‘very close eye’ on inflation
Thomas Jordan warned against dramatising the situation
Keystone / Peter Klaunzer
The president of the Swiss National Bank (SNB), Thomas Jordan, says he takes the significant rise in inflation seriously and that one must “keep a very close eye on how it continues”.
Some of this inflation is “certainly temporary” and will decline again, Jordan said in an interviewExternal link with Swiss public radio, SRF, on Monday. But all central banks must also be careful “that it doesn’t become permanent”.
At the same time, he warned against dramatising the situation. In the short term, there are always major movements in the price level, he said. “The National Bank’s job is to ensure price stability in the medium and long term.”
More
More
How much should we fear inflation?
This content was published on
Consumer prices are expected to rise in the coming months, but long-term inflation forecasts remain muted.
Last year consumer prices in Switzerland increased by 0.6% on average, due in particular to higher prices for petroleum products and for housing rentals. In 2020 and 2019 average annual inflation was -0.7% and +0.4% respectively.
Jordan said he still considered it a good sign that the US Federal Reserve would probably raise interest rates soon. “This means the American economy is also back at capacity. It also means interest rates around the world are going up a bit and basically that’s positive news for us.”
More
More
Geldcast Update: Why is US inflation so high?
This content was published on
Why is inflation rising in the US – and could it spread to Switzerland?
Swiss price watchdog slams excessive prices for generic medicines
This content was published on
The cheapest generic medicines available in Switzerland are more than twice as expensive as in other countries, according to a study by the Swiss price watchdog.
Nature should not figure in net zero calculations: academic study
This content was published on
The natural removal of CO2 from the atmosphere by forests or oceans should not be included in the net-zero balance of climate protection measures, argue researchers.
This content was published on
None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
This content was published on
Nestlé's new CEO Laurent Freixe, has presented plans for the future of the world's largest food company, after his first few weeks in office.
Swiss foreign minister calls on Moscow to end Ukraine war
This content was published on
It's high time Moscow ended its war against Ukraine, Swiss foreign minister Ignazio Cassis tells the UN Security Council.
This content was published on
The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.
Study reveals food culture differences between Switzerland and neighbours
This content was published on
Three-quarters of Swiss people consider eating to be a pleasurable, social activity, a new survey reveals. Healthy eating, however, plays a much less important role, it found.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.