According to data reported by Jinshi, data from the Swiss government shows that Switzerland's inflation unexpectedly fell to 0% in April, increasing the likelihood of the Swiss National Bank cutting interest rates again next month. Consumer prices did not rise compared to the same period last year, lower than the increases of 0.3% in February and March.
This data is below the 0.2% surveyed by Reuters, raising the likelihood that the Swiss National Bank will lower the policy rate from 0.25% at its next meeting. The market expects there is a 93% chance that the Swiss National Bank will lower rates to 0% at the meeting on June 19. There is also a 95% chance that rates will be below 0% later this year.