Thursday, March 12, 2009

More Evidence It Will Be Global Inflation: Switzerland Cuts Rates

Switzerland's central bank has announced a cut in interest rates to a historic low and said it announced non-standard measures to boost liquidity and curtail the rise of the Swiss franc.

The Swiss National Bank said it has set a new fluctuation band for the three-month Swiss franc London interbank offered rate of 0% to 0.75%, down from 0% to 1% previously.

Bottom line, we are in a global re-inflation that will ultimately impact countries worldwide. My rough guess is that the inflation kicks in no later than sometime next year.

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