• The sentiment barometer of Swiss financial analysts is steadying at a level that historically suggests an economic slowdown, but not a recession.
• Although analysts are assuming a slower fall in inflation due to the rise in oil prices, they see further rate hikes by central banks as less likely.
• The long-term inflation expectations of Swiss financial analysts have stabilized, and the scenario of excessively high inflation over the long run is becoming increasingly unlikely in their view.

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