SNB Publishes Minutes Of September Rate Decision
Governing Board Deemed Current Monetary Conditions Appropriate To Ensure Price Stability Over Medium Term; Increased Willingness To Intervene In Forex Markets No Longer Necessary - Medium-Term Inflationary Pressure Only Slightly Higher Than In June Monetary Policy Assessment - Moderate Growth Forecast For Coming Quarters; Further Growth Stimuli Expected From Abroad - No Signs Of Second-Round Effects; Core Inflation Has Risen Only Slightly - Inflation Likely To Increase Again Somewhat In Short Term On Higher Energy Prices - Uncertainty Remains High - Main Risk To Economic And Inflation Outlook Stems From Global Economic Developments - Further Deterioration In Middle East Would Curb Global Economic Activity More Strongly
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Governing Board Deemed Current Monetary Conditions Appropriate To Ensure Price Stability Over Medium Term; Increased Willingness To Intervene In Forex Markets No Longer Necessary - Medium-Term Inflationary Pressure Only Slightly Higher Than In June Monetary Policy Assessment - Moderate Growth Forecast For Coming Quarters; Further Growth Stimuli Expected From Abroad - No Signs Of Second-Round Effects; Core Inflation Has Risen Only Slightly - Inflation Likely To Increase Again Somewhat In Short Term On Higher Energy Prices - Uncertainty Remains High - Main Risk To Economic And Inflation Outlook Stems From Global Economic Developments - Further Deterioration In Middle East Would Curb Global Economic Activity More Strongly