Reported 2 days ago
For the first time since early 2021, Switzerland has recorded a negative inflation rate as consumer prices fell by 0.1% in May. This shift puts pressure on policymakers, particularly the Swiss National Bank, to consider reducing borrowing costs to zero during the upcoming meeting on June 19. The decrease in inflation is largely attributed to a stronger Swiss franc which has made imports cheaper, despite increases in rents and certain food prices.
Source: YAHOO