The SNB is blaming the rising Franc for delaying a pickup in the countries inflation rate. Last recorded at -0.1% Swiss prices are stubbornly refusing to rise at a pace that would make the SNB comfortable. On the plus side deflation has all but dissipated and Swiss inflation has come back from negative 1.2% in 2012 to record one positive month last December before retreating back to minus territory. The SNB are now projecting 0% inflation in 2014 rising to 0.4% in 2015 and 1% in 2016, these projections are 20bps lower than predicted in last Decembers SNB Bulletin. The unique robustness of the Swiss economy is ... (full story)