SNB CUTS INFLATION OUTLOOK ALMOST TO ZERO

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The Swiss National Bank on Thursday cut its outlook for inflation to a mere 0.3 percent this year and 0.6 percent in 2020. The SNB’s goal is price stability, says Rudolf Minsch, chief economist at economiesuisse, adding that Switzerland doesn’t need inflation as such. “What we do need is real growth, inflation-adjusted growth,” he says, “so that the value added in Switzerland will be higher in the future, not just increasing numbers.”

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