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  • Soft French inflation data point to the EZ HICP conforming to the consensus today. 
  • We still see higher domestic inflation offsetting disinflationary currency strength in Switzerland…
  • …Swiss headline inflation was likely stable in January, at 0.1%; will the SNB intervene to push down CHF? 

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Keywords for: 4 February 2026 Eurozone Monitor

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