ZURICH, Feb 2 (Reuters) - The Swiss National Bank
expects inflation to remain elevated in Switzerland "for the
time being" Chairman Thomas Jordan said on Thursday, raising
the possibility of further interest rate hikes to bring price
rises under control
"Inflation in Switzerland is currently above the level of
price stability," Jordan told an event in Zurich. "It cannot be
ruled out that the SNB has to increase interest rates to ensure
price stability."
Although low by international standards, Swiss inflation
rose to 2.8% last year, outside the SNB's price stability target
for prices to rise by up to 2% annually.
(Reporting by John Revill
Editing by Chris Reese)
Messaging: john.revill.thomsonreuters.com@reuters.net))
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