Swiss National Bank open to buying foreign assets
IMF article IV report suggests buying foreign assets to address deflationary pressures
The Swiss National Bank (SNB) is open to the possibility of buying foreign assets, but wants to wait and see how the outlook in Europe develops before making any policy changes.
The IMF advised the SNB to consider launching a quantitative easing (QE) programme in March following an Article IV consultation. Now the full staff report, released on May 27, goes into more detail.
Annual inflation dropped to -1.1% in April and the IMF is concerned it will fall further as the effects of exchange rate
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