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Swiss National Bank's Jordan plays down inflation fears

BERN, June 17 (Reuters) - The Swiss National Bank expects inflation in Switzerland to rise during 2021 before declining again, with long-term expectations for price increases of around 1%, SNB Chairman Thomas Jordan said in remarks prepared for a news conference on Thursday.

“Against the backdrop of production capacity not yet being fully utilised and our moderate inflation forecast, our expansionary monetary policy remains appropriate,” Jordan said after the SNB kept policy on hold. (Reporting by John Revill, Editing by Michael Shields)

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