ECB patient, SNB eyeing early rate cut

This week's data releases will have reinforced the view of ECB policymakers that they should be patient before beginning to loosen monetary policy. Indeed, the monthly pace of services inflation appears to be accelerating. Meanwhile, we think that SNB Chairman Thomas Jordan’s swansong will be to loosen monetary policy, cutting rates by 25bp later this month.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.