- Prior +0.2%
- CPI M/M -0.3% vs -0.2% expected
- Prior -0.2%
- Core CPI Y/Y +0.5% vs +0.7% prior
We have misses across the board here. The data shouldn’t matter much as the SNB has already ended its easing cycle and will need strong reasons to go back into NIRP (negative interest rate policy).
SNB’s Chairman Schlegel recently said that they expect inflation to pick up a little in the next quarters. The latest SNB forecasts is for inflation to average 0.4% in Q4.
This article was written by Giuseppe Dellamotta at investinglive.com.