Swiss April CPI +0.1% m/m, +0.3% y/y

Author: Gerry Davies | Category: Central Banks

Demonstrably weaker than median forecasts of +0.5%, +0.6% respectively.

Whoops, SNB won’t be overly happy.  Strong swissy is helping build deflationary pressures.  Increases likelihood of intervention to weaken swiss currency.

EUR/CHF up at 1.2590 from around 1.2525 when I arrived.

UPDATE:   Also likely extends timeframe for any SNB monetary tightening

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose