Lates News

Swiss National Bank President Thomas Jordan said that even if inflation data is negative, the Swiss National Bank does not need to react to every monthly inflation data. The central bank governor said on Tuesday in Basel that policymakers will avoid letting specific statistical reports distract them from their goals. "We will not be guided by individual inflation data," Jordan said. "Even negative inflation data cannot be ruled out in the coming months. The Swiss National Bank does not need to react to this. Our focus is not on current inflation rates but on medium-term price stability."