Latest Swiss government forecasts now published by SECO 20 June

  • 2017 inflation at 0.5% as prev
  • 2018 GDP 1.9% as prev
  • 2018 inflation 0.2% vs 0.3% prev

SECO says Swiss franc could be pushed up sharply if European debt crisis flares up again or situation in banking sector worsens significantly.

Later this morning we have SNB's Jordan up to the rostrum at 08.45 GMT

USDCHF currently tightly bound at 0.9745 after finding demand around 0.9700 .EURCHF 1.0875

SECO lowers 2017 GDP forecasts