Rising Swiss inflation will not derail rate cuts, economists say

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Rising Swiss inflation will not derail rate cuts, economists say
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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireZURICH - Swiss annual inflation in April accelerated faster than expected, data from the Federal Statistics Office showed on Thursday, although economists said they still expected the Swiss National Bank to make further interest rate cuts.

"With energy prices easing again and the further normalisation expected in services prices due to weak domestic demand, conditions remain in place for the SNB to cut the policy rate again in 2024, perhaps already at the next meeting in June," GianLuigi Mandruzzato, an economist at EFG Bank, said.

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