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3rd Sep 2025 11:39EurozoneDaily Monitor

  • Swiss inflation held steady at first glance, but the details are dovish. 
  • Leading indicators point to a gradual fall in inflation out to year-end, in contrast to the SNB’s forecasts. 
  • It’s a close call, but we think the risks to the outlook tip the balance towards a final rate cut this month.

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Keywords for: 5 September 2025 Eurozone Monitor

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