Stimulus on way for Switzerland

The Swiss National Bank (SNB) is preparing to step in to boost growth, a top policymaker said, two months after the central bank cuts its 2012 GDP growth forecast to one per cent. Fritz Zurbruegg told the NZZ am Sonntag falling growth could merit monetary stimulus, though he did not give more details. The SNB has been holding down the franc since September 2011, after the currency soared on a flood of cash to the safe haven economy from the crisis-struck Eurozone.