November 01, 2024 at 07:30AM
Prior +0.8%
CPI m/m -0.1% vs -0.3% expected
Prior m/m 0.0%
Core CPI Y/Y +0.8% vs +1.0% prior.
That’s a big miss and it further reinforces the need for the SNB to move faster on cuts. The market will likely favour a 50 bps cut for December now.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Switzerland October CPI 0.6% vs 0.8% y/y expected