Archive

Switzerland CPI Inflation 1.4% y-o-y (consensus 1.4%) in May-24

- Switzerland's CPI inflation rate remained steady at 1.4% y-o-y in May 2024, matching consensus expectations and the previous month's rate, with minor deviations from historic averages.
- The 0.3% m-o-m CPI increase in May 2024, alongside a 0.6% m-o-m PPI increase in April 2024, indicates controlled price transmission and effective measures ensuring consumer price stability.

Switzerland CPI Inflation 1.4% y-o-y (consensus 1.1%) in Apr-24

- Switzerland's CPI inflation rate for April 2024 increased to 1.4% year-on-year, surpassing market expectations of 1.1%.
- The month-on-month change in CPI for April 2024 increased to 0.3%, which is a brisk annualised pace.

Switzerland Unemployment Rate 2.3% (consensus 2.2%) in Mar-24

- Switzerland's unemployment rate for March 2024 was 2.3%, slightly higher than expected and the highest since February 2022.
- The rate is 0.19% above the one-year average, suggesting an unfavourable employment situation through the slightly rising trend.

Swiss National Bank Policy Rate 1.5% (consensus 1.75%) in Mar-24

• The SNB's unexpected rate cut to 1.5% reflects a strategic shift, influenced by sustained below-target inflation and the effectiveness of previous monetary tightening, underscoring the bank's commitment to price stability and economic support.
• Future policy decisions will hinge on inflation dynamics, global economic conditions, and domestic economic health. The SNB is poised to adjust its stance in response to evolving economic indicators and inflation forecasts.
• The SNB's approach balances supporting economic growth and ensuring price stability, indicating a readiness to adapt policy measures in the face of heightened economic uncertainties and shifting global dynamics.