Business

SNB's Vice-chairman Thomas Jordan, Chairman Philipp Hildebrand and board member Jean-Pierre Danthine ©SNB

Central bank boosts Swiss growth forecast

by Giles Broom

March 12, 2010 | 07:30

Switzerland’s central bank raises its economic growth outlook for the country to 1.5 percent for 2010, although the prediction remains lower than forecasts from some other financial experts. Analysts also say the Swiss National Bank’s call on inflation may be too low and that interest rates, which remain unchanged at 0.25 per cent as the SNB continues its expansionist monetary policy, will likely have to go up later this year.

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