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No Real Surprises in SNB Policy Assessment

SNB

SNB policy assessment here: https://www.snb.ch/en/mmr/reference/pre_20210325/s...

  • Small tick higher in CPI forecasts, largely inline with expectations.
  • "The economic recovery is therefore likely to regain momentum from the second quarter"
  • Highlights output gap once again: "However, production capacity will remain underutilised for some time yet. "

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