Switzerland’s inflation rate fell to 1.3% in June from 1.4% in May, but concerningly for policymakers, private services inflation rose for the fourth time in five months. We think the increasing inflationary pressures in the services sector will encourage the SNB to keep the policy rate on hold for the rest of 2024 at 1.25%.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.