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SNB chair Schlegel: Swiss inflation has developed in line with expectations

  • Outlook for Swiss inflation is very uncertain, sees mainly downside risks
  • Inflation still being driven by domestic services
  • Will monitor situation and adjust policy if necessary
  • Scenario for global economy is subject to high uncertainty (vice chair Martin)
  • Inflation should continue to ease gradually over the next quarters, particularly in Europe (Martin)
  • Increasing trade barriers could weaken global economic development (Martin)
  • Sees developments abroad as main risk (policymaker Tschudin)
  • Swiss economic situation has become considerably more uncertain (Tschudin)

This article was written by Justin Low at www.forexlive.com.

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