UBS CFA Indicator: Pessimism fades
UBS CFA Indicator: Pessimism fades
- The UBS CFA Society Switzerland Indicator surged by 38.7 points to -7.7 in October, reflecting a significant improvement in analysts’ sentiment compared to September.
- On average, survey participants expect 1% GDP growth for both this and next year.
- Analysts’ views on the trajectory of the SNB policy rate have converged, with over 70% expecting no change in the rate over the next twelve months.
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