Swiss inflation slowed to 1% YoY in March, aligning with SNB's interest rate cut decision.
Swiss inflation slowed to 1% year-on-year in March, the lowest rate since September 2021, supporting the Swiss National Bank's (SNB) decision to cut interest rates in March. Economists had predicted a 1.3% increase. The SNB cut its key interest rate to 1.5% in March and expects inflation to remain low over the next few years, with an increased likelihood of further cuts in June.
April 04, 2024
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