ECB Rate Hike in Focus as Oil Tops $100 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
Europe can’t achieve space sovereignty alone. Here’s why 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Yen Extends Gains as BOJ Rate Hike Bets Rise 
UAE Central Bank Probes Banque Misr Over Iran Links 
AI is supercharging money scams – here’s what you can do to protect yourself 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Add as a preferred source on Google
Swiss growth has surprised economists and analysts (including us), who expected a contraction in growth, slowdown in exports, weakness in manufacturing activity.
Latest data points, all positive, baffling everyone as the economy shows significant strength. Even latest PMI report showed expansion in the manufacturing sectors.
However, while economy shows strength, what baffling Swiss National Bank (SNB) policymakers is that inflation trajectory, which is showing no sign of rebound.
Blame it on whatever you like, lower oil price, weakness in commodities, weak domestic demand, stronger Franc....one thing is certain SNB is creating an image that it is out of tools or at wits end to revert deflation and risks deflationary expectations to set in, if it hasn't already.
While Swiss GDP was able to expand by 0.2%, for three months to June but inflation dropped by another -0.2% in August, down -1.4% from a year ago.
Recently SNB has stepped efforts to weaken Franc and we expect it continue such efforts more aggressively over the coming months.
Swiss Franc is currently trading at 0.976 against Dollar.
