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Swiss National Bank chairman says inflation 'far too high'

UPDATE 1-Swiss National Bank chairman says inflation 'far too high' Recasts, adds comment, background By John Revill ZURICH, Jan 20 (Reuters) - Fighting inflation and ensuring price stability is "absolutely essential", Swiss National Bank (SNB) Chairman Thomas Jordan said on Friday, adding that current levels of price increases were far too high. Bringing inflation down would become more difficult with companies more readily passing on price increases and wages increasing, Jordan told a panel at
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Swiss National Bank chairman says focus on price stability "absolutely essential"

Swiss National Bank chairman says focus on price stability "absolutely essential" ZURICH, Jan 20 (Reuters) - Fighting inflation and ensuring price stability is "absolutely essential" Swiss National Bank Chairman Thomas Jordan told a panel at the World Economic Forum in Davos. Price stability, which the SNB defines as prices rising by 0-2%, was still important, Jordan said, with monetary policy around the world in previous years probably being too expansionary in hindsight.
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Pipemaker Geberit sees tough 2023 for Europe's builders after sales dip

UPDATE 3-Pipemaker Geberit sees tough 2023 for Europe's builders after sales dip CEO cites high rates, focus on heating system upgrades FY sales down 2%, reaffirms EBITDA margin guidance Shares volatile in early Zurich trade Adds CEO comments By John Revill ZURICH, Jan 19 (Reuters) - Geberit GEBN.S expects 2023 to be "challenging" for Europe's building and construction industry, Chief Executive Christian Buhl said on Thursday, after the Swiss plumbing products supplier reported a drop in full-ye
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U.S. dollar falters vs major currencies as sterling gains; yen in spotlight

* Focus on BOJ; Markets expect policy shift * Sterling hits five-week high vs dollar * New York state manufacturing contracts sharply * Euro falls after news report on ECB slowing rate hike pace By Gertrude Chavez-Dreyfuss NEW YORK, Jan 17 (Reuters) - The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan (BOJ) that could end its so-called "yield curve control" and be a precursor to adopting a tight
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U.S. dollar falls vs major currencies as sterling gains; yen in focus

* Focus on BOJ; Markets expect policy shift * Sterling hits five-week high vs dollar * New York state manufacturing contracts sharply By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON, Jan 17 (Reuters) - The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan that could end its so-called "yield curve control", which could be a precursor to adopting a tighter monetary policy.
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