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Swiss Inflation Holds Steady Ahead of SNB Meeting

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Swiss inflation was unchanged in May, reinforcing the view that the Swiss National Bank is unlikely to raise interest rates later this month.

Prices were almost flat at the turn of the year, but climbed slightly after the first strikes on Iran at the end of February. Switzerland is less reliant on oil-and-gas than the neighboring eurozone, given its higher reliance on Alpine hydroelectricity and nuclear energy.

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