- 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
