Switzerland August CPI +1.6% vs +1.5% y/y expected

  • Latest data released by SECO - 1 September 2023
  • Prior +1.6%
  • Core CPI +1.5% y/y
  • Prior +1.7%

At best, this might see the SNB choose to raise key rates one more time later this month. I mean, core inflation is continuing to ease and that's a positive development in allowing them some wiggle room at least.

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