consumer prices fell by 0.1% y/y in May, lowest since March 2021the SNB has a 0-2% target range
Swiss National Bank (SNB) board member Petra Tschudin commented on May inflation data.
SNB won’t be distracted by monthly inflation numbers“We’re focused on the medium term” “this is just one data point”--
markets are pricing a 25bp rate cut around 70%, from 0.25 to zeromarkets are pricing a return to -0.25 around 30%
Negative inflation is being caused largely by the strong Swiss franc, for example the price of imported goods by 2.4%, along with the drop in energy prices.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about icymi snb s tschudin dismisses the monthly inflation number as just one data point was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( ICYMI - SNB's Tschudin dismisses the monthly inflation number as just one data point )
Also on site :