SNB's Jordan: Inflation is more-persistent than we thought

  • Comments from Jordan
SNB Jordan
SNBs Jordan
  • Really important to bring Swiss inflation to level of price stability
  • When inflation remains under 2% for a long time, we do not have a problem

There's some major re-writing of history here. When inflation was under 2% for a long time, they were printing insane amounts of money and intervening in the currency market; eventually causing a full-on panic in EUR/CHF.

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