Swiss National Bank chairman sees inflation rise as temporary

© Reuters. FILE PHOTO: The Swiss National Bank (SNB) logo is pictured on its building in Bern, Switzerland April 2, 2022. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – The Swiss National Bank sees the current increase in inflation in Switzerland as a temporary phenomenon, Chairman Thomas Jordan said on Tuesday, although the central bank would keep a close eye on the situation.

“Personally I believe a substantial amount of the inflation today may be temporary,” he told an event in Washington. “But nevertheless there is a relatively big risk that some of this temporary inflation feeds into permanent inflation where all goods and services are impacted,” he added.