✉news BusinessBanking first seen 11 h ago, last 2 h ago, peak #26
Swiss National Bank watching hot weather's effect on food inflation
Original: Swiss National Bank's Schlegel watching hot weather impact on food price inflation
Swiss National Bank chairman Martin Schlegel said the central bank is monitoring how this summer's hot weather could push up food prices and feed into inflation. Extreme heat can damage harvests across Europe, lifting agricultural costs, and the bank is weighing whether such effects could influence its outlook for price stability in Switzerland.
Why now: Heatwave-driven harvest damage is raising concern that food prices could reignite inflation just as central banks steer policy back toward normal.
Swiss National BankMartin SchlegelSwitzerland
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