Prior +0.5%
The SNB might be worried about the Swiss industry but as a reminder, the economy relies much more heavily on its services sector. And overall, things seem to be doing just fine. Still, that doesn’t mean that the central bank should be too complacent and risk a potential return of deflationary pressures in the economy. So, very much a balancing act.
This article was written by Justin Low at www.forexlive.com.
