SNB's Jordan: Highly valued Swiss franc is holding down inflation
Further remarks by SNB chief, Thomas Jordan
- Inflation forecast is still very low, especially at 2-3 years horizon
- Inflation has to really go out of range of price stability to consider policy changes
- Normalisation of monetary policy abroad is positive
Some token remarks there by Jordan but mainly to remind the market that they are not even considering anything remotely close to thinking about policy changes for now.