This is a Switzerland news story, published by CNBC, that relates primarily to The Swiss National Bank news.
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inflation rateCNBC
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90% Informative
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc beleaguers policymakers' efforts to get a handle on price growth.
The Swiss National Bank cut interest rates for the third time this year in September citing the strength of the safe-haven currency as a key driver of the country's falling inflation rate.
Analysts say it looks increasingly likely that the bank will have to lean on foreign currency intervention to prevent the country slipping into a deflationary environment.
"But as long as we don't have a very sharp appreciation, I think that the risk of deflation that would warrant a far more aggressive easing of monetary policy.. is quite unlikely at this stage," he added. The SNB will meet on Dec. 12 to provide its latest monetary policy decision..
VR Score
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