Quotes from Swiss monetary policy assessment

Following are the quotes from the Swiss monetary assessment

• "Overall, the Swiss franc is still significantly overvalued, despite a slight depreciation."
  
  
• "The SNB expects the moderate pace of global economic recovery to continue."
  
  
• "The global economic recovery is fraught with risks. In particular, uncertainty regarding economic developments in China has increased perceptibly."
  
  
• "Renewed turbulence in the international financial markets could have a major impact on global monetary policy."
  
  
• "Despite the fact that output remained stable overall following the appreciation of the Swiss franc in the first half of the year, the situation remains challenging for many companies."