Swiss Inflation Matching 2024 High Erodes Case for SNB Rate Cut

Swiss National Bank News

Swiss Inflation Matching 2024 High Erodes Case for SNB Rate Cut
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(Bloomberg) -- Swiss inflation held at its fastest pace this year, eroding the case for a Swiss National Bank interest-rate cut when officials meet later...

-- Swiss inflation held at its fastest pace this year, eroding the case for a Swiss National Bank interest-rate cut when officials meet later this month.AMLO Protege Sheinbaum Becomes First Female President in Mexico

“We now expect that the SNB will stay on hold at its June meeting,” Maeva Cousin of Bloomberg Economics wrote last week in a change to her previous forecast, citing robust economic growth and a weakening of the franc since officials last met. Switzerland still has one of Europe’s lowest inflation rates. Data from the euro area showed that prices rose an annual 2.6% there in May. Based on the European Union’s harmonized measure, Swiss inflation was 1.5% last month.Israel Seeks Underground Secrets by Tracking Cosmic ParticlesBofA says chip stocks won't peak until mid-2026, and that these 3 sub-industries will thrive until then

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