- Sees moderate positive Swiss GDP growth in 2010, no recession but not strong growth
- Inflation outlook improved, but could run deflation risk again if crisis resurges
- Banks will likely face further writedowns in 2010
- Rates close to zero not compatible with price stability in long-term
- Cannot name the hour and day of exit strategy ahead of time
- Yuan link to dollar a source of concern, China should have independent currency
EUR/CHF sits at 1.5085, pretty much where it started the European day.
