Prior +0.1%Core CPI +0.4% y\/yPrior +0.5%<\/p>\n
Headline annual inflation remains unchanged and continues to border on deflation territory. The bad news for the SNB is that core annual inflation is seen trickling lower to 0.4%. For some context, core annual inflation was still hovering at 0.9% in February 2025. It’s a slow descend but one that continues to threaten a return to deflation for the Swiss economy.<\/p>\n
The bright side is that the US-Iran conflict might help to push up price pressures a little, even if temporary. However, it’s a double-edged sword as the SNB has to deal with a much stronger Swiss franc amid heightened geopolitical tensions. And they’re already having to step into the market this week it would seem here<\/a>.<\/p>\n Despite that, EUR\/CHF is tracking back lower and down 0.2% again to 0.9058 currently. All eyes will be on the 0.9000 level to see what the SNB intervention appetite would be like in the days\/weeks ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior +0.1%Core CPI +0.4% y\/yPrior +0.5% Headline annual inflation remains unchanged and continues to border on deflation territory.…\n","protected":false},"author":2,"featured_media":218038,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-312645","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/312645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=312645"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/312645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/218038"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=312645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=312645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=312645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}