AI boom could drive inflation in the short term warns top SNB official
- Swiss National Bank board member Petra Tschudin on Friday said AI could add to inflationary pressure in the short term.
- She said heavy AI infrastructure spending could draw capital away from other parts of the economy.
- Chip shortages driven by AI demand could tighten supply and push prices higher in the medium term.
- The SNB expects inflation to stay within its 0% to 2% range through the first quarter of 2029.
Source: ndtvprofit.com
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