The index of consumer sentiment -38.0 to -23.0
A member of the National Bank of Switzerland Phillip Hildebrand said that economic data pointed to slowing of decline in a recession, and it is expected the turnaround after the adoption of the massive financial and monetary measures. He watched the slowing inflation from falling oil prices, and noted that this raises the risks of deflation. Hildebrand expects that the change in retail prices will be Flat in 2010 and 2011 in Switzerland after the fall of this year. Hildebrand described the purpose of the Bank of Switzerland - to escape the deflationary improve franc and not decrease its value to help the export industry of Switzerland. "The risk of deflation is high," - he said.
A member of the National Bank of Switzerland Phillip Hildebrand said that economic data pointed to slowing of decline in a recession, and it is expected the turnaround after the adoption of the massive financial and monetary measures. He watched the slowing inflation from falling oil prices, and noted that this raises the risks of deflation. Hildebrand expects that the change in retail prices will be Flat in 2010 and 2011 in Switzerland after the fall of this year. Hildebrand described the purpose of the Bank of Switzerland - to escape the deflationary improve franc and not decrease its value to help the export industry of Switzerland. "The risk of deflation is high," - he said.
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