Swiss inflation holds steady at bottom of central bank target range

Swiss inflation stayed at 0.1 percent in January, hitting the bottom of the central bank target. Analysts say this puts little pressure on policy makers now.

Switzerland CHCH saw its annual inflation rate hold steady at 0.1% in January, matching the rate recorded in December and meeting market forecasts. According to data released by the Swiss government, the current level of Swiss consumer prices sits at the bottom end of the Swiss National Bank target range of 0% to 2%. This outcome is significant as it reduces the immediate pressure on the central bank to adjust its current monetary policy.
Fruits and vegetables are displayed at a supermarket of the Swiss retail group Coop in Zumikon, Switzerland, on December 13, 2016. REUTERS/Arnd Wiegmann
Fruits and vegetables are displayed at a supermarket of the Swiss retail group Coop in Zumikon, Switzerland, on December 13, 2016. REUTERS/Arnd Wiegmann
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