Switzerland December CPI +1.7% vs +1.5% y/y expected

• Prior +1.4%
• Core CPI +1.5% y/y
• Prior +1.4%

Both the headline and core annual inflation readings nudged a little higher in December, so that will keep the SNB guarded to loosen monetary policy any time soon. But with consumer prices holding below 2%, that will allow them to maintain the current policy stance at least.