IMF tells SNB to consider asset purchases

SNB governor Thomas Jordan

The International Monetary Fund today called on the Swiss National Bank (SNB) to ease its monetary policy further, possibly by launching a programme of foreign currency asset purchases.

In a bleak assessment of the economic landscape, the IMF said the combination of an overvalued franc and lower oil prices were likely to push inflation down to -1.5% by late 2015. Growth, meanwhile, was likely to drop from 2% last year to 0.75% in 2015.

"Further monetary easing would support adjustment," the IMF

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