Nvidia’s results, Tesla’s European sales, Japan trade - what’s moving markets
Investing.com -- Swiss annual inflation rose slightly in July, but remained close to negative territory, data showed on Monday.
Consumer prices were 0.2% higher in July compared to the same month last year, according to Switzerland’s statistics office. This marks a small increase from the 0.1% annual inflation rate recorded in June.
The minimal inflation reading suggests the Swiss National Bank could still be on track to reduce interest rates below zero later this year.
The central bank has been monitoring inflation figures closely as it considers its monetary policy options.
The July inflation figure, while showing a slight uptick, remains near the zero threshold, giving the SNB room to potentially implement negative interest rates in the coming months.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.