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The old CS-CFA indicator, published under the umbrella of UBS in September for the first time since the merger of two large banks, fell from -27.6 points to -37.8 in October. This means the indicator has remained below zero for 20 consecutive months, according to a statement on Wednesday.
Experts are not only cautious about Switzerland’s economic growth, but also evaluate the prospects for the Eurozone and the USA as moderate. Experts surveyed did not significantly adjust inflation expectations after the Swiss National Bank (SNB) surprisingly left its interest rate unchanged in September this year.
Meanwhile, the majority of financial analysts expect central banks in Switzerland, the eurozone and the US to keep key interest rates unchanged for the next six months.
According to UBS news, 37 analysts participated in the survey conducted between October 12-19.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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