“We probably all underestimated inflationary pressure in 2021,” Jordan told CNBC.
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Monetary policy has been “too expansionary” in hindsight, according to the Chairman of the Swiss National Bank Thomas Jordan.
“Probably with the benefit of hindsight monetary policy was all over the place a little bit too expansionary,” Jordan said, when asked by CNBC’s Joumanna Bercetche if the current economic situation would be different if the central banking community had reacted quicker to signs of inflation.
“We probably all underestimated inflationary pressure in 2021,” Jordan told CNBC on a panel at the World Economic Forum in Davos.
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