• Will stick to cap on franc of 1.2000 per euro
  • Prepared to buy fx in unlimited quantities
  • Will continue to aim for 3-month libor at 0-0.25%
  • Swiss franc is still high, appreciation would have serious impact on swiss prices, economy
  • Sees 2012 inflation at -0.6% (from prev forecast of -0.5%)
  • Sees 2013 inflation at +0.2% (from prev forecast of +0.3%)
  • Sees 2014 inflation at +0.4% (from prev forecast of +0.6%)
  • Sees 2012 growth at some +1.0% (from prev forecast of +1.5%)
  • Downside risks to the Swiss economy will also stay high in the near-term
  • Growth dampened by the euro area crisis and the uncertainty surrounding forthcoming fiscal policy decisions in the US
  • Strong momentum on swiss residential mortgage and real estate markets poses risks for financial stability over medium term
  • Does not see inflation approaching 2% price stability threshold for entire forecast horizon

Reuters’ reporting.

Everyone who said no peg change in this mornings’ poll give yourself a well-deserved pat on the back

:)