Switzerland February CPI -0.5% vs -0.3% y/y expected

Latest data released by the Federal Statistics Office – 3 March 2021

  • Prior -0.5%
  • Core CPI -0.3% vs 0.0% y/y expected
  • Prior 0.0%

Swiss inflation continues to keep more subdued after a slight bounce in January. The negative readings continue to reaffirm that the SNB will not have any reason to change its policy stance whatsoever at this point in time – and for a long time to come.
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