SNB President Roth is on the wires taking a much more relaxed approach to the challenges facing Switzerland than his two comrades Hildebrand and Jordan.
Roth says the Swiss economy faces a relatively mild recession; he also sees no risk of deflation. He does not rule out quantitative easing by buying securities, which does not seem to jibe with the prior two statements.
Last week Hildebrand and Jordan mentioned the ability to use quantitative ease as well as forex intervention to help spark the Swiss economy. Roth does not seem to share the same urgency.
Roth blames the weak euro for Swiss franc strength, not safe-haven flows.
