SNB expects moderate economic growth in Switzerland, governing board member says
BERN, Sept 24 (Reuters) — The Swiss National Bank expects moderate economic growth in Switzerland in the coming quarters, governing board member Petra Tschudin said on Thursday. The main risk to the outlook for Switzerland stems from developments in the global economy, in particular the situation in the Middle East, said Tschudin in comments prepared for a press conference in Bern after the central bank's latest interest rate decision. (Reporting by John Revill, Editing by Miranda Murray) ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net)
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BERN, Sept 24 (Reuters) — The Swiss National Bank anticipates moderate growth in the global economy over the coming quarters, Vice Chairman Andre Martin said on Thursday. Although high energy prices will likely continue to weigh on economic activity, an ongoing improvement in manufacturing momentum will provide support, said Martin in comments prepared for a press conference in Bern after the central bank's latest interest rate decision. "Inflation is likely to remain elevated for some time," he added. net)