Swiss inflation drops to the lowest level in three years, the central bank is determined to cut interest rates in December.
In October, the inflation rate in swiss franc decreased to the lowest level in more than three years, indicating that the Swiss National Bank will further cut interest rates in both this year and 2025.
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Eurozone inflation accelerated in October, with the harmonized CPI up 2% year-on-year, exceeding expectations.
Today's slightly higher-than-expected inflation data, combined with yesterday's release of economic data in Europe exceeding expectations, have led investors to already reduce bets on a larger interest rate cut by the European Central Bank in 2024.