Thinks that inflation will come back down but have to be vigilantDeterioration in consumer climate could weigh on economyA strong franc helps against inflation, helps to reduce the price of importsDespite rising market interest rates, we remain in a world of very accommodative financial conditionsIt’s not exactly a shift in thinking in the SNB. Maechler is just mainly alluding to the fact that the franc has remained ’strong‘ and inadvertently that is helping the Swiss economy guard against inflation pressures.