Switzerland October CPI +Zero.6% vs +Zero.eight% y/y anticipated
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- Prior +Zero.eight%
- CPI m/m -Zero.1% vs -Zero.three% anticipated
- Prior m/m Zero.Zero%
- Core CPI Y/Y +Zero.eight% vs +1.Zero% prior.
That is an enormous miss and it additional reinforces the necessity for the SNB to maneuver quicker on cuts. The market will possible favour a 50 bps reduce for December now.
This text was written by Giuseppe Dellamotta at www.ubaidahsan.com.
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