Items increase the likelihood that the Central Bank of Switzerland will reduce interest rates from current level of 0.25% at its next March 20 session
THE inflation to Switzerland It fell to the unexpectedly low 0% in April, according to government data published Monday, increasing the chances of the country’s central bank to re -reduce the interest rates next month.
Consumer prices did not rise last month compared to one year earlier, below 0.3% in February and March, and at the lower end of the 0-2% target range of the central bank. The percentage was lower than Reuters’ prediction for inflation at 0.2%.
The data increases the likelihood that the Swiss central bank will reduce interest rates from a current level of 0.25% at its next March 20th session to prevent inflation from falling below the 0-2% target range.
Markets had calculated a 93% chance that the central bank would reduce their 0% interest rates on its meeting on June 19 before the data. There is also a 95% chance that interest rates are below 0% later in the year.
Source: Skai
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