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  • Swiss inflation eased to within touching distance of 0%, the bottom of the SNB’s inflation target range. 
  • We look for further declines, in contrast to the SNB’s forecast for inflation to rise. 
  • Still, the SNB will hold off from further easing this year and probably also next year.

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Keywords for: 4 November 2025 Eurozone Monitor

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