In Switzerland, [B]Producer and Import Prices[/B] are set to fall to -1.2% in the year to February, the lowest since September 2002. Threatened with the prospect of deflation, the Swiss National Bank announced the most aggressive stimulus of any major central bank: policy makers cut interest rates to 0.25%, announced quantitative easing, and said they were prepared to intervene in forex markets to prevent appreciation of the Swiss Franc. With the policy equivalent of everything but the kitchen sink now officially thrown at prices, today’s data is likely to be overlooked as moot until further evidence emerges in the months ahead.