SNB chairman Jordan: Inflation pressures have decreased significantly in Switzerland

  • Further rate cuts may be necessary in the coming quarters
  • Stronger franc, lower oil and electricity prices contributed to lower inflation forecasts
  • Swiss economic growth will be ‘rather modest’ in the coming quarters

He’s mainly just repeating the policy statement for the most part. USD/CHF is down 0.1% on the day to 0.8490 but off earlier lows after the SNB decision of 0.8458 at least.

This article was written by Justin Low at www.forexlive.com. Source