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“Wages should also rise in real terms”: head of the National Bank says what will happen on the labor market
National Bank boss Thomas Jordan talks about inflation, interest rates and the strong franc. The first signs of a turnaround are coming from the labor market: recently the number of advertised positions has fallen significantly.
Thomas Jordan, President of the National Bank Board of Directors, at the World Economic Forum in Davos.
Gian Ehrenzeller / KEYSTONE
At the World Economic Forum (WEF) in Davos, world politics dominates from the outside, but where the economy is headed is also controversially discussed. The stock markets have been in a good mood in recent weeks because they expect interest rates to fall again. The only question is: is this expectation fulfilled? Is the Swiss National Bank (SNB) also lowering interest rates?