SNB’s Schlegel: Reason for last week’s rate cut was lower inflationary pressure

Yeah, that’s usually the reason central banks cut rates.

The services sector is solid and the industrial sector subduedExpect Swiss growth to be subdued in coming quartersThe biggest risk for the Swiss economy is developments abroadOur main tool is interest rates but we don’t rule out being active in FX

This article was written by Adam Button at www.forexlive.com.