Switzerland February CPI 8 March

  • 0.0% prev
  • yy +0.6% vs +0.4% exp vs +0.3% prev
  • HICP mm +0.6% vs +0.2% exp vs -0.2% prev
  • yy +0.7% vs +0.4% exp vs +0.3% prev

The rising trend ( curse?) of inflation showing itself once again.

SNB seems to have taken its foot off the intervention pedal after seemingly a concerted period that I've been reporting. They are never going to be far away though, by their own admission.

USDCHF 11037 with offers nearby as EURCHF tests support around 1.0700