Monetary policy has 'in hindsight' been 'too expansionary,' according to the Chairman of the Swiss National Bank Thomas Jordan.
Monetary policy has "in hindsight" been "too expansionary," according to the Chairman of the Swiss National Bank Thomas Jordan."We probably all underestimated inflationary pressure in 2021," Jordan told CNBC.Monetary policy was "too expansionary" in previous years and the current surge in consumer prices has not yet been brought under control, the chairman of the Swiss National Bank Thomas Jordan said Friday.
"Probably with the benefit of hindsight monetary policy was all over the place a little bit too expansionary," Jordan said when asked by CNBC's Joumanna Bercetche if the current economic situation would be different if the central banking community had reacted quicker to signs of inflation. "We probably all underestimated inflationary pressure in 2021," Jordan told CNBC on a panel at the World Economic Forum in Davos.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Pullman National Monument Upgraded to National Historical Park — and the Name Change Makes a Big DifferenceWhat power does a name have? Everything, when it comes to Pullman National Monument, which is now known as “Pullman National Historical Park.” More than just semantics, the shift to “park” grants the site increased protections.
Lire la suite »
Stronger Yen justified if new BoJ Governor tenders monetary policy reversal – CommerzbankThe Yen’s losses following yesterday’s Bank of Japan meeting did not last long. Yen investors are likely to focus on the successor of the current BoJ
Lire la suite »
SNB’s Jordan: Absolute priority should be to bring inflation down to price stability levelSwiss National Bank (SNB) Chairman Thomas Jordan said in a scheduled speech on Friday, “absolute priority should be to bring inflation down to price s
Lire la suite »
Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023Swiss-based crypto-financial service provider Bitcoin Suisse looks to make crypto space 'more accessible, easier to use, but also safer' in 2023.
Lire la suite »
Despite talk of a ‘vast exodus,’ many Western firms still operating in Russia, Swiss researchers sayThe research reveals 'a very limited retreat of EU and G7 firms' from Russia.
Lire la suite »
Right-wing party calls referendum against Swiss climate billSwitzerland's right-wing Swiss People's Party (SVP) on Thursday called a referendum aimed at blocking a draft law to cut greenhouse gas emissions.
Lire la suite »