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SNB vice chairman: The high nominal value of the franc has dampened inflation
Nominal value of the franc has risen but in real terms value has been flat • High nominal value of the franc has dampened domestic inflation • Swiss inflation is low relative to other countries but not irrelevant Switzerland is trying to manufacture a slow pivot to something more hawkish. No one will be immune to inflation.
Added at 8:19am
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SNB'S VICE CHAIRMAN: I BELIEVE ENERGY PRICES WILL NOT RISE AS QUICKLY AS THEY HAVE RECENTLY, SUPPLY CHAIN PROBLEMS WON'T PERSIST.
— Breaking Market News (@financialjuice) May 31, 2022