Switzerland February CPI -0.5% vs -0.3% y/y expected

Latest data released by the Federal Statistics Office - 3 March 2021

• Prior -0.5%
• Core CPI -0.3% vs 0.0% y/y expected
• Prior 0.0%

Swiss inflation continues to keep more subdued after a slight bounce in January. The negative readings continue to reaffirm that the SNB will not have any reason to change its policy stance whatsoever at this point in time - and for a long time to come.