RTTNews - Wednesday, results of the latest financial market test carried out by the Center for European Economic Research or ZEW in cooperation with Credit Suisse revealed that the Swiss economic expectations index jumped to minus 3.9 in May from minus 27.7 recorded in April.
The ZEW said in a report that the indicator measuring the current economic situation in Switzerland declined 2.6 points to minus 66. Further, the gauge for inflation expectations climbed 35.6 points to minus 7.9.
At the same time, expectations regarding short-term interest rates rose, with 15.7% of the survey participants predicting advancing rates on a six-month timeframe. Still, the overriding majority of respondents, 80.4%, continue to expect interest rates to hold steady at current levels.
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