Swiss National Bank Chairman Thomas Jordan spoke to the Club der Zuercher Wirtschaftsjournalisten (Business Journalists club) on Tuesday. He also spoke on Monday with broadcaster SRFSome of his remarks ICYMI: “Our expectation is that inflation went up, because of the VAT increase and electricity prices” “But it shouldn’t go above 2%. That’s the base scenario” this year inflation should average below 2%The data for January Swiss consumer-price data are due on February 12. The CPI has been within the SNB 0%-2% target range since June. June was also the month when rates were last hiked. The consensus expectation is for an SNB first rate cut in September 2024.***SNB hiking cycle:
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