For the SNB, the return of inflation will be less temporary than expected

Less temporary than expected. The Swiss National Bank (SNB) decided on Thursday to raise its inflation forecast quite sharply for the current year, to 2.1% against 1% at its last meeting in mid-December. The projection for next year has been raised to 0.9%, (from 0.6% previously). For 2024, it also stands at 0.9%, indicates the institution in its review of the economic situation.