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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWITZERLAND DATA
MNI (London)
SWISS SEP CPI -0.2% M/M (FCST +0.1%); AUG +0.3% M/M
SWISS SEP CPI +3.3% Y/Y (FCST +3.6%); AUG +3.5% Y/Y
- Swiss CPI slowed for the first time in 21 months in September, providing promising news for the SNB.
- Swiss headline inflation softened in September, deflating by 0.2% m/m, whilst the annualised print decelerated by 0.2pp to +3.3% y/y.
- This is lower than anticipated, as the consensus was looking for another uptick in prices for the month.
- Falling fuel and energy prices alongside lower hotel and accommodation costs were the downwards drivers, whilst apparel prices continued to increase pushed up due to import price inflation.
- As such, core inflation stalled on the month at +2.0% y/y.
- The next SNB rate decision is mid-December with a softer 50bp hike to 1.00% largely expected to finish the year.
Source: Swiss Federal Statistical Office
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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