A report from
The Swiss Franc largely looked past the outcome, continuing a previously initiated move lower against the US Dollar. The markets' dismissive attitude may reflect the report's limited implications for SNB monetary policy. Pushing the economy toward on-target 2 percent inflation remains the central bank's top priority. Meanwhile, its own forecast estimates headline price growth below 1 percent through 2015. That means the upbeat KOF print isn't likely to be telegraphing a hawkish shift in the SNB's posture, so its ability to lift the Franc is largely absent.