SNB Chair Schlegel reiterates an increased willingness to intervene in FX

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SNB Chair Schlegel reiterates an increased willingness to intervene in FX

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UK DMO sells GBP 1.6bln 1.125% 2035 I/L Gilt: b/c 3.35x (prev. 2.99x), real yield 1.515% (prev. 1.463%)

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GROWTH:

  • Says that global economic growth may temporarily slow; adds uncertainty is now clearly higher

INFLATION:

  • Medium-term inflation pressure in Switzerland has hardly changed

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