SECO out with their latest forecasts 21 March
2018 GDP unch at 1.9%
2017 inflation f/cast +0.5% vs 0.0% prev
2018 inflation +0.3% vs +0.2%
Rising inflation f/casts no surprise and SECO says the 2017 downward revision is due to a sluggish end to 2016 but "expected to step up significantly over the coming quarters". Swiss economy "will continue to recover at a solid albeit not exceptionally strong rate"
USDCHF 0.9978 tightly bound still after failing at 1.0000. EURCHF still underpinned around 1.0740 after holding 1.0700 yesterday.
