Fiscal co-ordination threatens independence, SNB president says

Thomas Jordan
SNB president Thomas Jordan
Louis Rafael Rosenthal

Central banks should avoid co-ordination with fiscal authorities to preserve their independence, says Swiss National Bank president Thomas Jordan.

Higher inflation and government debt are reinforcing each other to create challenges for central banks, Jordan noted during a speech in Washington, DC on October 11.

“To fight inflation effectively, central banks need independence – precisely at a time when such independence is at risk because of high inflation,” said Jordan at the O. John Olcay

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.