UBS CFA Indicator pulls back in June

• The UBS CFA Indicator declined by 13.9 points in June to -25.0, though a majority of analysts still expect economic conditions to remain unchanged over the next six months.
• Analysts’ long-term outlook for growth and inflation has remained stable compared to three months ago, despite recent geopolitical uncertainty.
• Given expectations of a widening interest rate spread between the Eurozone and Switzerland, a majority of analysts no longer anticipate the franc to appreciate against the euro.

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