- Libor target remains at 0-0.25%
- will maintain EURCHF peg at 1.200
- prepared to buy fx in unlimited quantities
- 2013 growth forecast unch at 1.5-2.0%
- 2014 growth around 2.0%
- 2013 inflation forecast -0.2% unch
- 2014 forecast +0.2% vs +0.3% prev
- 2015 forecast +0.6% vs +0.7% prev
- there are signs that economic growth may weaken temporarily in Q4
- considerable danger of a further build-up of imbalances on mortgage and real estate markets remains considerable
- continues to monitor situation very closely and regularly assess whether the capital buffer should be adjusted
All as expected with the exception of the Q4 forecast but it does say temporarily. Like I said in my preview it’s a very fine line they’re treading at the moment
Press conference with Thomas Jordan coming up at 09.00 GMT. Live link here
EURCHF slightly higher at 1.2234. USDCHF 0.8874
Full statement here
