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Swiss inflation cooled further in October, with headline CPI slipping -0.3% mom — weaker than expectations of -0.1% mom. Annual inflation eased to just 0.1% yoy from 0.2% yoy, undershooting forecasts of 0.3% yoy. The data confirmed that price pressures remain virtually absent. Core inflation also weakened notably, falling -0.2% mom and slowing to 0.5% […]
The post Swiss CPI slows to 0.1% yoy in October, broad decline in prices appeared first on Action Forex.
We have misses across the board here. The agency notes: “the 0.3% decrease compared with the previous month is due to several
factors including lower prices for hotels and international package
holidays. The hire of private means of transport also recorded a price
decrease. In contrast, clothing and footwear recorded a price increase,
as did housing maintenance and caretaking.”
The data shouldn’t matter much as the SNB has already ended its easing cycle and will need strong reasons to go back into NIRP (negative interest rate policy).
SNB’s Chairman Schlegel recently said that they expect inflation to pick up a little in the next quarters. The latest SNB forecasts is for inflation to average 0.4% in Q4.
This article was written by Giuseppe Dellamotta at investinglive.com.
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The post OPEC Says Enough appeared first on Action Forex.
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