SNB cuts inflation outlook

Bloomberg

The Swiss National Bank (SNB) has cut its inflation forecasts again and warned that the global slowdown could worsen.
A dramatic change in fortune for the world economy is making it harder for policy makers across major economies to boost price pressures. In Swi-tzerland, franc’s strength agai-nst the euro has exacerbated the issue, which the central bank has sought to counter with the world’s lowest interest rates and occasional currency interventions. US Federal Reserve Chairman Jerome Powell called the battle with anemic inflation “one of the major challenges of our time.” The European Central Bank said in its economic bulletin that underlying euro-area inflation remains “muted.”