- Prior +1.3%
- Core CPI +1.1% y/y
- Prior +1.1%
There's no change to the core reading, as it holds at a similar figure to July. If anything, SNB can feel comfortable in cutting rates further if need be. As things stand, the odds of a 25 bps move later this month are at ~66% with the remainder priced for a 50 bps move.
