In the coming week, markets will focus on observing the release of the Swiss consumer price index data (ICP) in May are expected to drop to 0%. While the annual period, the CPI or commonly known as inflation will only rise to 0.4%.
This condition will be one of the considerations the Swiss National Bank (SNB) raised its benchmark interest rate in an effort to control inflation. The majority of analysts predict the new SNB will raise interest rates in September. Read the rest of this entry »