SNB's Schlegel: In the coming months we cannot rule out negative inflation in Switzerland

Le Temps

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CHRONIC. Deflation is not a calamity in Switzerland, and every time companies have adapted well, writes Charles Wyplosz, who also notes that the SNB is rather stuck, between a negative interest rate that could also upset Trump, and a drop in the reputedly unfeasible franc...Here comes the time when the average price level may well fall. Faced with a negative inflation rate – what is called "deflation" – the SNB could re-establish a negative inte…

trend.sk

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Investors expect further interest rate cuts

hnonline.sk

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Switzerland may experience deflation in the coming months, but that does not mean the central bank will react. This was stated this week by Martin Schlegel, the chairman of the Swiss National Bank (SNB). This was reported by Reuters. Schlegel said that the SNB does not base its monetary policy on monthly inflation data. Maintaining price stability in the medium term is key for it. “We cannot rule out negative inflation in the coming months. Howe…