Inflation & Prices
Swiss Inflation Holds Steady as SNB Ponders Next Rate Cut
- Headline reading of 1.3% matches economist estimates
- Central bank has cut twice and another move seen in September
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Swiss inflation held steady in July, pointing to further easing by the country’s central bank.
Consumer prices rose 1.3% from a year ago, the statistics office said Friday. That’s in line with economists’ estimates and below the SNB’s forecast of 1.5% for the third quarter.