SNB's Jordan: There have been few signs of inflation expectations deanchoring
SNB chief, Thomas Jordan, still on the wires
- Should not overdramatise small changes in inflation expectations
Even though it's not something that affects the SNB directly, I'm sure they're also keeping a keen eye on inflation expectations in the euro area as well (not just Swiss inflation expectations). Because if that begins to force the ECB's hand to introduce more stimulus, it essentially forces the SNB's hand to do the same.
And this is surely something that shouldn't be taken lightly.