Free Trial

GDP and Inflation Forecasts Nudged Higher by SNB, As Expected

SNB

Nothing too material in the monetary policy release from the SNB and CHF largely unmoved:

"In the short term, the new conditional inflation forecast is higher than in June, mainly due to a rise in oil prices. The longer-term inflation forecast is unchanged

"This year, GDP is set to shrink by around 5%. This would be the strongest decline since the crisis in the mid-1970s. At its last monetary policy assessment, the SNB had expected an even stronger decline."

Full Monetary Policy Assessment here: https://www.snb.ch/en/mmr/reference/pre_20200924_1...

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.