SNB's Roth sees risk from low inflation

Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.

"The current situation remains comfortable due to the fact that the inflation outlook is moderate and last year's drop in oil prices is having a favourable impact on the indices," Roth said.

"Growth in employment and income had a favourable impact on household expenditure. Growing at a rate of

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