SNB President on Swiss Inflation Outlook

The video discusses the inflation forecast over the medium term, noting that inflation remains slightly above the 2% threshold, justifying a 50 basis point increase in monetary policy. It highlights the possibility of further interest rate hikes but does not specify a terminal rate. The short-term inflation is lower than expected due to decreased oil prices, but future factors like rising electricity prices and higher inflation abroad could increase inflation again.

What is the current inflation forecast in relation to the 2% threshold?

• Below the 2% threshold

• Significantly above the 2% threshold

• Exactly at the 2% threshold

• Slightly above the 2% threshold

What decision was made to address the current inflation forecast?

• Decrease interest rates by 50 basis points

• Introduce new monetary policy tools

• Increase interest rates by 50 basis points

• Maintain current interest rates

How does the policy approach future interest rate decisions?

• By relying solely on external economic conditions

• By following a strict schedule of rate increases

• By evaluating circumstances and forecasts at each meeting

• By setting a fixed terminal rate

What short-term factor has contributed to lower inflation than predicted?

• Increased consumer spending

• Lower oil prices

• Higher oil prices

• Decreased consumer spending

How does higher inflation abroad affect the domestic consumer price index?

• It has no impact

• It decreases the consumer price index

• It increases the consumer price index

• It stabilizes the consumer price index