Inflation under control, says Swiss central bank

Swiss National Bank President Thomas Jordan said that officials are “relatively comfortable” with the country’s inflation prospects, Le Temps reported, citing an interview. Do you want to read our weekly top stories? Subscribe here. A day after data showed annual consumer price growth unexpectedly weakened in June, the remarks from the central bank’s outgoing chief highlight that policymakers increasingly view the risks there to be relatively benign. “All our models show inflation converging in the medium term at around 1% at constant exchange rates,” said Jordan. + When Swiss inflation hit a 30-year high “We’re seeing fewer so-called second-round effects, which leads us to believe that we’re heading that way. The strength of the franc also reduces risk of inflation. It’s important to continue monitoring the situation, but for the moment it’s relatively comfortable.” Jordan, who will be succeeded by Vice President Martin Schlegel in October, spoke just weeks since the SNB delivered ...