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3rd Jul 2024 18:21EurozoneDaily Monitor

  • Swiss inflation edged lower, despite an uptick in services; a further, albeit marginal, fall is likely.
  • We look for two more SNB rate cuts, taking the policy rate to 0.75% by year-end; markets see fewer cuts.
  • The appointment of Martin Schlegel as the new SNB Chairman points to continuity in the rates outlook.

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Keywords for: 5 July 2024 Eurozone Monitor

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