Marginally weaker than median forecasts +0.2%, -2.3% respectively.
8 Responses to “Swiss producer import prices flat m/m, -2.4% y/y”
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AUTOREFRESH 
there are many wrong and weak data…
snb dont step…
why?
I’m sure they’re happy with 1.2000 peg at mom. Just sitting and watching and monitoring. If you’re looking for an early rise in the peg, think you’re gonna be disappointed. Personally I’d love to see it, but can’t envision it on near-term horizon. A sharp acceleration in deflationary pressures ofcourse would have me quickly changing my tune
not important to lift the peg…
the important is that cross go up to 1.23-1.24…
i think it is possible
It seems to me that they are waiting for a reduction in the amount of long positions in the market before they step in. The best way to do this is to do nothing and just wait for these longs to get bored and close their trades. Once this is done, then they will step in which will make for a cheaper intervention for them. does that sound plausible gerry?
I think growing deflationary pressures will support the cross
To be honest, no it doesn’t Sam
Thanks for your response Gerry
I don’t know why I am trying to think of all the different ways they can use to make raising the peg cheaper (especially with all the profit taking that will be happening) but I guess that’s not really how central banks think lol
My suspicion is they’re seriously considering negative interest rates. If they want to do it on the cheap