Can’t rule out risk that long pandemic will affect confidence
Comments from Maechler:
- Can’t rule out risk that long pandemic will affect business and consumer confidence but this isn’t the base case
- Upside risks come from fiscal and monetary stimulus boosting economy more than expected
- Rising CPI is a very tangible sign that the economy is on the right track
- CHF is still high but not as high as it was in the times of crisis like 2011 or 2015
- SNB Chairman Thomas Jordan is doing well and on the mend but unclear if he will attend Sept 23 meeting
Jordan underwent an urgent heart operation last week.
