WINTERTHUR, Switzerland (Reuters) - Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible further interest rates ahead.
"It is clearly above the level we associate with price stability," Schlegel told an event in Winterthur. "We cannot rule out further interest rate increases."
Swiss inflation dipped lower to 2.9% in March from 3.4% in February, high by Swiss standards and above the SNB's target for inflation at 0-2%.
(Reporting by John Revill, Editing by William Maclean)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 0.6025 CHF | -0.50% | -0.43% | - | ||
| 0.6661 CHF | -0.06% | +0.24% | - | ||
| 11.48 CHF | +0.10% | -0.07% | - | ||
| 0.5647 CHF | -0.26% | +1.51% | - | ||
| 0.5416 CHF | -0.44% | -1.51% | - | ||
| 1.161 CHF | -0.04% | +1.13% | - | ||
| 0.6548 CHF | +0.01% | -0.53% | - | ||
| 0.1233 CHF | -0.07% | -0.08% | - | ||
| 0.0101 CHF | -0.29% | -1.94% | - | ||
| 0.0844 CHF | -0.20% | -0.82% | - | ||
| 0.0107 CHF | +0.08% | -0.93% | - | ||
| 13.07 CHF | -0.07% | +0.44% | - | ||
| 0.9748 CHF | -0.11% | +0.44% | - | ||
| 0.896 CHF | +0.07% | -0.14% | - | ||
