Switzerland January Inflation Update

Switzerland's January headline inflation held steady at 0.1% yoy, meeting expectations. Goldman Sachs expects the Swiss National Bank to maintain interest rates at 0.0% as a result.

Key Takeaways

• 1.January headline inflation in Switzerland printed at 0.1%yoy, matching both Goldman Sachs and consensus expectations.
• 2.The Swiss National Bank (SNB) is expected to maintain its policy rate at 0.0% for the foreseeable future.
• 3.Core inflation remained steady at 0.5%yoy, while sequential seasonally adjusted inflation saw a slight decline.

Table of Contents

• BOTTOM LINE
• KEY NUMBERS
• MAIN POINTS
• Disclosure Appendix

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