ICYMI – Swiss Nationwide Financial institution President Thomas Jordan spoke on Tuesday, at an occasion within the Swiss city of Brig.
Jordan as soon as once more addressed the sturdy Swiss franc, saying it has helped to cap inflation:
- “The nominal appreciation of the franc has lowered inflation”
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“The real appreciation was much lower, but the franc has also appreciated in real terms in 2023. And that hurts, companies feel that”
On the economic system, sees no recession:
- “Economists are confident that there won’t be a recession — and we are also confident, otherwise we would forecast one”
- “No recession, just weak growth”
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Newest expectations centre on a Swiss Nationwide Financial institution fee lower in Q3 of 2024, possible September.
