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SNB Chairman Schlegel says inflation in Switzerland has risen and October reading was higher than expected, with the central bank to watch the situation closely, particularly for second round inflationary effects
ORIGINAL · NewsquawkSNB Chairman Schlegel says inflation in Switzerland has risen and October reading was higher than expected, with the central bank to watch the situation closely, particularly for second round inflationary effectsRead originalHide original
Says: No significant second-round effects so far, but can't be ruled out in the future. SNB won't hesitate to adjust policy if price stability is put at risk.
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Schlegel said Swiss inflation rose and October’s reading exceeded expectations; the SNB is monitoring second-round effects and may adjust policy to protect price stability.
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Says: No significant second-round effects so far, but can't be ruled out in the future. SNB won't hesitate to adjust policy if price stability is put at risk.
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