Swiss Government Sees Sharp Drop in Inflation Rate Next Year
- Consumer-price growth predicted at 1.2% in 2024, 0.7% in 2025
- SNB expected to reduce interest rates again on next week
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Switzerland’s government slashed its inflation forecasts, a move in line with expectations that the central bank will cut interest rates again when officials meet next week.
Consumer prices will grow at an annual 1.2% in 2024 and 0.7% in the following year, the State Secretariat for Economic Affairs said on Thursday. That’s down from a prior forecast of 1.4% and 1.1%, respectively, and compares with Swiss National Bank predictions of 1.3% and 1.1%.