Transcription of Quarterly Bulletin 1 / 2022 March
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Quarterly Bulletin 1 / 2022 March
Quarterly Bulletin 1 / 2022 March Quarterly Bulletin 1 / 2022 March Volume 40. Contents Page Monetary policy report 4. 1 Monetary policy decision of 24 March 2022 6. Monetary policy strategy at the SNB 7. 2 Global economic environment 8.. 3 Economic developments in Switzerland 14.. 4 Prices and inflation expectations 19. 5 Monetary developments 22. Business cycle signals 28. Glossary 37. Chronicle of monetary events 42. Quarterly Bulletin 1 / 2022 March 3. Monetary policy report Report for the attention of the Governing Board of the Swiss National Bank for its Quarterly assessment of March 2022. The report describes economic and monetary developments in Switzerland and explains the inflation forecast .
new forecast stands at 2.1% for 2022, and 0.9% for 2023 and 2024 (cf. table 1.1). The conditional inflation forecast is based on the assumption that the SNB policy rate remains at – 0.75% over the entire forecast horizon. The global economic recovery continued in the fourth quarter of 2021. However, economic activity was
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