"Most central banks have an inflation target of about 2%, the SNB is slightly more conservative," Jordan said. "Of course if inflation is higher than the target, monetary policy must be restrictive," Jordan told the newspaper. Earlier this week Jordan in a separate public appearance, said he could not rule out tightening monetary policy to tackle stubborn Swiss inflation. In the newspaper interview Jordan said price stability created the best environment for economic growth, and was important for social stability and fairness. "When inflation is above 2%, people with lower incomes especially suffer," Jordan told the newspaper.

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Persons: Thomas Jordan, Jordan, John Revill, Tomasz Janowski Organizations: Swiss National Bank, Corriere del, Thomson Locations: ZURICH, Corriere del Ticino, Switzerland