- EURCHF cap remains at 1.20
- minimum exchange rate continues to be the right tool to avoid an undesirable tightening of monetary conditions
- prepared to take further steps if necessary
- ready to buy unlimited quantities of foreign currencies
- continues to monitor mortgage and property markets closely
- sees no inflation risk in foreseeable future
- still substantial risks attached to global economic recovery
USDCHF up to session highs of 0.8821 again on the repeated rhetoric. EURCHF 1.2195 from 1.2188. Dare I say sell rallies ? lol
- 2014 GDP forecast 2% unch
- 2014 CPI 0.0% vs +0.2% prev
- 2015 CPI +0.4% vs +0.6%
- 2016 CPI +1.0%
No great surprises here and the lowering of CPI forecasts is understandable
Full report here
