One of the SNB not so holy trinity speaking in Thun, Switzerland yesterday
- Swiss unemployment rate could settle at a maximum 3.7% in the future which is "still very low in comparison with neighbouring countries"
Being reported by Basler Zeitung via Bloomberg today
September unemployment came in at +3.2% vs 3.2% prev so the forecast is for it to worsen by +0.5% max.
Nothing really of note to make any immediate impact but one for storing away in the memory banks. No further detail on what factors in the economy, domestically or globally, are being cited for the worsening expectations. And how do they justify it to those additional 0.5% who potentially lose their jobs?
Other recent comments from Zurbruegg here
SNB's Zurbreugg in optimistic mood
