The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on Saturday,
Jordan defended the central bank's commitment to price stability, which he defined as inflation below 2% but in positive territory, in the article in Swiss newspaper Corriere del Ticino.
"Of course if inflation is higher than the target, monetary policy must be restrictive," Jordan told the newspaper. Despite a recent easing in price rises in Switzerland, the SNB is expected by analysts and the market to raise interest rates at its meeting on June 22.Jordan in a separate public appearance, said he could not rule out tightening monetary policy to tackle stubborn Swiss inflation.
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