• 0.00-0.25%
  • cap remains in place at 1.2000 EURCHF
  • will enforce the cap with utmost determination
  • SNB will take other measures immediately if necessary
  • expects economy to expand in 2015
  • sees 2014 CPI at 0.0% vs +0.1% prev
  • deflation risks have increased
  • swiss franc still high
  • mortgage growth weakened further
  • oil prices to push inflation into negative territory during next 12 months
  • housing market imbalances still as high as before

USDCHF and EURCHF lower on the as-expected repetition.

Full statement here

Presser with Jordan at 09.00 GMT. Watch here