7:32 AM · 3 December 2024

USDCHF pair slightly lower after consensus CPI reading from Switzerland

Swiss inflation for November came in line with analysts' expectations. The reading pointed to a growth rate of 0.7% y/y for the headline reading and 0.9% y/y in core terms.

The next SNB meeting is scheduled for December 12. An 25 bps interest rate cut in Switzerland is expected.

Source: xStation

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