Swiss price pressures set to remain muted

The fall in Swiss inflation in September is a sign of things to come. Indeed, exchange rate effects and weak wage growth are set to ensure that price pressures remain very weak, keeping the SNB on hold until 2020. Meanwhile, although private sector production data suggest that the Swedish economy grew more slowly in Q3 than it did in Q2, this is unlikely to derail the Riksbank’s plan to raise interest rates in the coming months.