SNB's Jordan: In hindsight, monetary policy everywhere was too expansionary

  • Remarks by SNB chief, Thomas Jordan
  • Price stability is still important
  • Inflation is too high so focus on price stability is absolutely essential

It is easy to say that now but there is no doubting that the COVID-19 pandemic has certainly changed a lot of the dynamics of the global economy over the past two years. I mean, it's not like anyone saw that sort of epidemic coming.

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