Swiss Government Forecasts: Middle-East crisis is pushing up energy prices and weighing on economy
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PREVIEW: SNB Policy Decision on Thursday, 18th June 2026 at 08:30BST.
European Movers: Tesco (TSCO LN) -2.5%, Anglo American (AAL LN) -1.4%, BE Semiconductor (BESI NA) -0.5%, UniCredit (UCG IM) +0.5%, Schindler (SCHN SW) +1.3%, Edenred (EDEN FP) +15.6%
Swiss Government Forecasts: Middle-East crisis is pushing up energy prices and weighing on economy
China's State Planner says effective at midnight June 18th, domestic gasoline and diesel prices will be cut by CNY 515/t and CNY 495/t, respectively
ECB's Nagel says new forms of money could weaken rate policy transmission
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- Reduces 2026 GDP growth forecast to 0.9% (prev. 1.0%)
- Reduces 2027 GDP growth forecast to 1.6% (prev. 1.7%, long-term avg. 1.8%)
- Increases unemployment projections to 3.1% for 2026 and 3.0% for 2027, while inflation expectations for both years were raised to 0.6%.
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