Swiss inflation to be near 0 by 2016

Over a one-year horizon, the outlook for Swiss inflation remains very weak. By 2016, Switzerland is expected to be the only G10 country with inflation still hugging zero. 

"The SNB does not expect inflation to turn positive until early 2017 and it expects to keep rates at -0.75% throughout the forecast horizon (Q1 2018)", says RBC capital markets. 

The ECB is expected to end QE in Sept 2016 which should allow EUR/CHF to drift back towards fair value over time.