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The Swiss National Bank Revises Its Growth and Inflation Forecasts
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The Swiss National Bank (SNB) on Thursday refined its growth forecast for the year ending at 1.5%, at the upper end of its previously stated range of 1.0% to 1.5%. The central bank also maintains its projection of 1% GDP growth next year.
The National Bank of Switzerland (BNS) decided on Thursday to maintain its reference interest rate at 0%, considering that inflation has been slightly below the forecast in recent months, while inflationary pressures in the medium term have hardly changed. The entity emphasizes that the world economy grew stronger than expected in the third quarter, but maintains a position of maximum prudence in the face of uncertainty generated by US tariffs a…
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