- Different conditions for exporters and domestic economy is limiting our monetary scope
- The strong franc protects Switzerland from importing inflation through raw material prices
- For whole Swiss economy current monetary conditions are appropriate
- Looking only at real estate market, or at the domestic economy, we certainly would hike interest rates
Sounds like SNB will be in no hurry to tighten monetary policy. EUR/CHF trading up at 1.3200 fom North American close Tuesday down around 1.3160.
