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SNB's Schlegel watching hot weather impact on food inflation
Original: Swiss National Bank's Schlegel watching hot weather impact on food price inflation
Swiss National Bank chairman Martin Schlegel says the central bank is monitoring how this summer's hot weather could feed into food price inflation. The comments came as repeated heatwaves across Europe raise concern about crop yields and food costs, factors the bank weighs when setting monetary policy.
Why now: Ongoing heatwaves are raising concerns about their effect on harvests, food prices and inflation.
Swiss National BankMartin SchlegelSwitzerland
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