SNB’s Jordan: 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, pressure from wages is here.”