SNB's Jordan: It's hard to predict whether "astoundingly" low inflation in advanced economies will continue

Jordan on the low-inflation conundrum

His choice of adjective there shows how unlikely he thought it was that inflation would be where it is now. But it's the new normal and it's here to stay.

I'll have more on an inflation buzzword that's starting to circulate in central banking circles later.

Update: Jordan also says that reducing the SNB balance sheet is not on the table.