- Clouds over global economy, swiss franc strength lead to recession risk and negative price pressures
- Considers extraordinarily expansionary monetary policy justified so long as no inflation effect on forecast horizon
- SNB conscious low-rate policy not favourable to real estate market discipline
- Faced with conflict of economic health, price stability vs financial stability (that’s far too deep for me)
- Macro prudential instruments needed for housing markets
- Asked about negative interest rates says won’t exclude any measures, some more likely than others
- Not observing big capital inflows from abroad into real estate today when asked about capital controls
Is it me or are the guys in Zurich sounding Japanese?
C’mon, show us some shock and awe!!
