SNB should adopt higher inflation target, report says
Senior economists recommend the Swiss National Bank reviews its policy strategy
A group of senior economists have published a paper arguing the Swiss National Bank should adopt a higher inflation target.
The paper, published on February 17, also urges the SNB to improve how it communicates the rationale behind its foreign exchange interventions.
Stefan Gerlach, Yvan Lengwiler and Charles Wyplosz say: “The SNB should consider reviewing its strategy to recognise that the exchange has become its overriding concern.” They say this review should focus on “formalising and
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