Further to the latest SNB inflation forecasts last week of 2014 +0.2% and 2015 +0.6% the highly respected Swiss think-tank the KOF ( Konjunkturforschungsstelle – and yes I’ll be testing you on the spelling and pronounciaton later) institute have just released their own forecasts of +0.3% and +0.7%.
In an upbeat assessment of the economy it also notes
The Swiss economy will experience positive development over the next two years.
GDP will grow by 2.2% in 2014. This promising development will continue in 2015 with an increase in the GDP of 2.3%. In the coming year, companies will once again be investing more in machines and equipment. Unemployment will remain stable at just over 3%
Full KOF report here
EURCHF has just had another look at the 1.2200 barrier but it’s holding yet again although not exactly racing back up.
USDCHF also failing to show any real signs of a rally
Or is it just me?
