07:30 AM BST, Switzerland - Inflation Data for November:
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PPI: actual -1.6% YoY; previous -1.7% YoY;
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PPI: actual -0.5% MoM; previous -0.3% MoM;
The mix reading points to the slightly weaker yearly deflation, with falling pressure inreasing slightly from a previous month. The main drag on PPI came from import prices, which continue falling as an aftermath of CHF appreciation this year . The Swiss interest rates remian, however, at 0%, as SNB reiterated its will to avoid "undesireble effects" of negative policy rate.
Source: xStation%
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