Jordan: SNB does not expect ‘sustained’ price drop
Latest forecasts put inflation above zero early in 2017
The Swiss National Bank (SNB) does not expect a "sustained" drop in prices, and maintains prices will begin increasing in 2017, chairman of the governing board, Thomas Jordan, said today (June 18).
Jordan was speaking after the SNB kept its policy stance unchanged: holding its target range for the three-month Libor at -1.25% to -0.25%, and its interest on sight deposits at -0.75%.
According to its latest forecasts, inflation will end 2015 at -1.0% and 2016 at -0.4%, before moving "back into
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