Switzerland's annual inflation rate remains at 1.3% in July; SNB anticipates more rate cuts.
Switzerland's annual inflation rate held steady at 1.3% in July, with domestic goods increasing by 2.0% and imported goods decreasing by 1.0%. The Swiss National Bank expects rate cuts to continue, as 2/3 of economists predict another cut in September. The country's inflation rate is one of the lowest in Europe, with the euro area experiencing a slight increase to 2.6% in July.
August 02, 2024
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