Overview
- Official data show annual consumer inflation at 0.0% in November, down from 0.1% in October.
- Lower prices for hotels, package holidays abroad, new cars and fresh produce drove the decline.
- The Swiss National Bank's three-member board will set policy at its next meeting on December 11.
- Market participants largely expect the SNB to leave its policy rate at 0%, according to reporting.
- In September the SNB projected inflation of 0.2% for 2025, 0.5% for 2026 and 0.7% for 2027, while Germany most recently reported about 2.3%.