SNB's Tschudin Says Monthly Inflation Number Just One Data Point
The Swiss National Bank won't be distracted by monthly inflation numbers, according to a senior official.
'We're focused on the medium term,' Governing Board member Petra Tschudin said. Referring to a report earlier in the day that showed that annual consumer prices fell below zero for the first time since the pandemic, she highlighted that 'this is just one data point.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
32 minutes ago
- Bloomberg
Ukraine Keeps Rate on Hold as War, Weather Weigh on Forecast
Ukraine's central bank left its key interest rate steady for the second straight meeting as inflation is expected to ease while war-related risks weigh down the economy. The National Bank of Ukraine kept the benchmark rate at 15.5% on Thursday, it said in a statement on the website, in line with expectation from all seven economists in a Bloomberg survey. The central bank said it may extend the pause if a slowdown in inflation is threatened.
Wall Street Journal
35 minutes ago
- Wall Street Journal
Ireland's Economy Grew Much Faster Than Expected on Tariff Stockpiling
Ireland's economy grew three times as rapidly as first estimated in the first quarter, driven by stockpiling of pharmaceuticals and other goods by U.S. businesses ahead of threatened tariffs. The huge revision in output announced by the country's statistics agency Thursday means the eurozone economy likely grew much faster than previously estimated, with new figures for growth in the three months through March to be released Friday.
Bloomberg
38 minutes ago
- Bloomberg
Vista CEO Says AI to Force 60% of SuperReturn Crowd to Seek Work
Vista Equity Partners ' founder, chairman and CEO Robert F. Smith said he expects AI to have a seismic impact on jobs in the private market industry. 'We think that next year, 40% of the people at this conference will have an AI agent and the remaining 60% will be looking for work,' he said in comments at the SuperReturn International private capital conference in Berlin.
