瑞士央行在今年3月出人意料地选择降息25个基点，比全球其他主要央行更早启动了宽松周期，并在6月再度降息25个基点。经济学家目前预计，瑞士央行可能会在本月底的政策会议上再次降息25个基点，使基准利率降至1%。Swiss inflation slowed more than expected in August, providing support for the country's central bank to cut interest rates again.
According to the information from the Securities Times app, data released on Tuesday showed that Swiss CPI rose by 1.1% year-on-year in August, lower than the previous value of 1.3% and the market's expectation of 1.3%. Swiss inflation slowed more than expected in August, providing support for the country's central bank to cut interest rates again.
The data shows that the costs of transportation, heating oil, and international holiday packages have all decreased, offsetting the impact of rising rents and prices of clothing and footwear. In addition, the core CPI (excluding fresh and seasonal products as well as energy) increased by 1.1% year-on-year.
The Swiss National Bank unexpectedly chose to cut interest rates by 25 basis points in March this year, starting the easing cycle earlier than other major central banks globally, and lowered rates by another 25 basis points in June. Economists currently expect the Swiss National Bank to cut interest rates by another 25 basis points at the policy meeting at the end of this month, bringing the benchmark rate to 1%.
Swiss inflation slowing down and the strong Swiss Franc support the prospect of the Swiss National Bank cutting interest rates. Analysts are particularly concerned that if the European Central Bank follows the Swiss National Bank's rate cut pace (the frequency of ECB policy meetings is twice that of the Swiss National Bank), the Swiss Franc may receive a boost.
Additionally, Swiss central bank officials predict that driven by domestic services, the CPI will grow by an average of 1.5% in the third quarter, and then is expected to slow down, reaching 1% by 2026.
