Switzerland August CPI +1.1% vs +1.2% y/y expected

• Prior +1.3%
• Core CPI +1.1% y/y
• Prior +1.1%

There’s no change to the core reading, as it holds at a similar figure to July. If anything, SNB can feel comfortable in cutting rates further if need be. As things stand, the odds of a 25 bps move later this month are at ~66% with the remainder priced for a 50 bps move.

This article was written by Justin Low at www.forexlive.com.



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