Further rate cuts may be necessary in the coming quartersStronger franc, lower oil and electricity prices contributed to lower inflation forecastsSwiss economic growth will be ‘rather modest’ in the coming quarters
He’s mainly just repeating the policy statement for the most part. USD/CHF is down 0.1% on the day to 0.8490 but off earlier lows after the SNB decision of 0.8458 at least.
This article was written by Justin Low at www.forexlive.com.
