The Swiss economy remains strong amidst a firm Swiss franc, with Swiss National Bank Deputy Chair Fritz Zurbruegg saying there was no risk of deflation.
In an interview with Corriere del Ticino, Zurbruegg said inflation is still low and in negative territory this year because of a strong franc and sharp slump in oil prices.
He added the European Central Bank’s move to bolster economic recuperation in the eurozone would contribute to the euro’s decline; the SNB made a good decision to scrap the franc/euro cap a year ago.
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