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14th Nov 2024 19:08EurozoneWeekly Monitor

  • Swiss GDP slowed in Q3, in line with expectations; the report is unlikely to worry the SNB.
  • Intensifying deflation pressures, however, are an issue for the Bank; more cuts are coming.
  • We doubt the SNB will lower rates below zero; it has other tools, but their effectiveness is patchy.

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Keywords for: 18 November 2024 EZ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence