SNB chairman dismisses calls for revised inflation targets
Jordan says raising targets would 'harm credibility'
The head of the central bank arguably most affected by historically low interest rates has dismissed the idea of moving towards higher inflation targets, which would provide greater interest rate flexibility to central banks when tackling future crises.
Thomas Jordan, chairman of the Swiss National Bank (SNB), whose policy rate has stood at -0.75% since 2015, told Central Banking journal in an interview published today (July 31), that even if a co-ordinated change of inflation targets could be
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