SNB May Adjust Inflation Forecast as Franc Depreciates: Chart

SNB May Adjust Inflation Forecast as Franc Depreciates: Chart

(Bloomberg) -- The Swiss National Bank is likely to keep policy unchanged on Thursday, but it may adjust its inflation forecast when it publishes its policy review at 9:30 a.m. in Bern. The inflation rate hit its strongest since early 2011 last month, spurred by a 0.8 percent decline in the franc against the euro. Still, price pressures are expected to stay muted in coming years, with the Organization for Economic Cooperation and Development foreseeing a rate of 0.6 percent both in 2018 and 2019.

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