SNB Tschudin: Swiss inflation is low because of low inflation expectations

SNB Governing Board member Petra Tschudin is commenting on the inflation and interest-rate outlook, with the central bank keeping the door open to negative rates if needed. At the same time, she cautions against interpreting the SNB’s inflation forecasts as a signal that rates will remain unchanged over the forecast horizon. Her key comments: Artificial intelligence can increase inflation in the…