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18th Sep 2023 08:57Eurozone, Daily Monitor

  • Swiss inflation is below the SNB’s target cap, but we think it will still hike this week, for a final time.
  • If so, the key policy rate would peak at 2.0%, well below equivalent rates elsewhere.
  • We expect the SNB to start cutting rates next year as inflation falls significantly below the 2% target cap.

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Keywords for: 19 September 2023 Eurozone Monitor

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