Lower than the last forecast in December from the State Secretariat of Economic Affairs

  • 2015 GDP unchanged at +2.7%
  • 2014 CPI +0.1% vs +0.2% forecast prev
  • 2015 CPI unchanged +0.4%
  • 2014 jobless rate forecast 3.1% 2015 2.8%

The forecasts are from SECO’s analysts, part of the economic ministry and published each quarter

The lower inflation forecast for 2014 will be a concern for the SNB more than the lower GDP figure

Full report here

USDCHF not fazed at 0.8726 EURCHF still stuck around 1.2150