Switzerland May CPI report 8 June 2016
- +0.3% prev
- yy -0.4% as exp/prev
- HICP mm +0.1% vs +0.2% exp/prev
- yy -0.5% as exp/prev
No great shocks but softer headline number will be of concern to the SNB as will the ongoing neg yy data. The SNB are set to update their inflation forecasts next week when it meets for its quarterly monetary policy assessment.
EURCHF up a tad at 1.0978, USDCHF 0.9650
