Swiss May consumer prices rose 0.6% YoY, unchanged from April and below economists' expectations, the Swiss Federal Statistical Office said. The print, the last inflation release before the Swiss National Bank's June 18 policy decision, keeps inflation well within the SNB's 0–2% target range. Data indicate a stronger franc appears to be offsetting higher energy costs. Economists currently expect no rate moves before 2028. Swiss National Bank chairman Martin, unlike euro-area peers preparing to r

Swiss May consumer prices rose 0.6% YoY, unchanged from April and below economists' expectations, the Swiss Federal Statistical Office said. The print, the last inflation release before the Swiss National Bank's June 18 policy decision, keeps inflation well within the SNB's 0–2% target range. Data indicate a stronger franc appears to be offsetting higher energy costs. Economists currently expect no rate moves before 2028. Swiss National Bank chairman Martin, unlike euro-area peers preparing to raise rates, reiterated on Wednesday that energy-driven consumer price increases are likely temporary.