SNB, Nokia and the end of Deflation

Switzerland reported earlier today that Q2 GDP expanded by 0.5%, which was sufficient to lift the year-over-year rate to 2.5% from 1.2% in Q1. This is the strongest year-over-year pace since Q1 2011. The market had expected a 0..3% increase on the quarter. However, what appears to have captured t…

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SNB, Nokia and the end of Deflation

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