Market news
21.03.2019, 08:45

SNB Monetary Policy Assessment: Swiss franc remains highly valued

  • Situation of FX market continues to be fragile

  • Prepared to intervene in markets if needed

  • Central bank makes downward revision to its growth outlook for advanced economies

  • Global risks are still to the downside

  • 2019 GDP growth forecast seen at 1.5% (unchanged)

  • 2019 inflation forecast seen at 0.3% (down from 0.5% in December)

  • 2020 inflation forecast seen at 0.6% (down from 1.0% in December)

  • 2021 inflation seen at 1.2%

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