SNB Jordan from the press conference 15 June
- inflation remains very low
- capacity utilization still unsatisfactory
- franc still subject to increased upward pressure
- inflation expectations are in the range that is consistent with SNB definition of price stability
USDCHF suitably unfazed by the lack of anything new here and still around 0.9722. EURCHF 1.0876 also steady.
See you all tomorrow.
Jordan full of joy
