The slight fall in Swiss headline inflation in October will come as a big surprise to the SNB, which expected inflation to increase markedly in the fourth quarter. However, we think that inflation is likely to stay close to zero for the next twelve months or so, prompting the SNB to cut the policy rate by 25bps to -0.25%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services