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More from SNB’s Jordan: No comment on currency invention. We don’t rule anything out

Summary:
Looks at series of models to gauge Swiss francs value; market has to live with some volatility no comment on currency intervention. We don’t rule anything out monetary policy cannot influence explosion and prices in case of a severe shortage the longer inflation last, the greater the risk of a 2nd round of facts having a negative impact central banks need to watch out that fiscal policy does not dictate monetary policy Meanwhile SNB’s Maechler is now joining in saying: inflation is back and we are reminded of negative power of inflation we are seeing the 1st data point where inflation seems to be stabilizing, too early to call trend central bankers need to tame inflation ideally without creating a recession we live in a world that is very fragile, that is why it

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  • Looks at series of models to gauge Swiss francs value; market has to live with some volatility
  • no comment on currency intervention. We don’t rule anything out
  • monetary policy cannot influence explosion and prices in case of a severe shortage
  • the longer inflation last, the greater the risk of a 2nd round of facts having a negative impact
  • central banks need to watch out that fiscal policy does not dictate monetary policy

Meanwhile SNB’s Maechler is now joining in saying:

  • inflation is back and we are reminded of negative power of inflation
  • we are seeing the 1st data point where inflation seems to be stabilizing, too early to call trend
  • central bankers need to tame inflation ideally without creating a recession
  • we live in a world that is very fragile, that is why it is important to move step-by-step

Inflation


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