From previous forecast of 0.7%.

  • Sees 2011 growth at 2%
  • Sees 2010 inflation at 0.8%, 2011 0.7%
  • Sees 2010 average unemployment rate 4.3%. 2011 4.2%

EUR/CHF continues it’s sojourn lower, presently at 1.4510. Still no sign of SNB. Will they draw a line at 1.4500. We’ll see soon enough.