The Swiss inflation rate in October dropped to 0.6% for more than three years, lower than expected.
Swiss Federal Statistics Office data shows that Switzerland's October consumer price index (CPI) inflation rate fell to 0.6%, the lowest level since June 2021, below the market's expected 0.8%, compared to 0.8% in September. Housing and energy inflation slowed to 3.5%, while transportation prices fell by 2.7%. Compared to the previous month, CPI slightly decreased by 0.1%, not rising for the fifth consecutive month, reasons include decreases in hotel prices and international tour package prices. Prices of rbob gasoline, diesel, and fruits and vegetables also decreased.
Express News | Mitsubishi UFJ: The Bank of England may cut interest rates in November, but may not do so in December.
Swiss inflation drops to the lowest level in three years, the central bank is determined to cut interest rates in December.
In October, the inflation rate in swiss franc decreased to the lowest level in more than three years, indicating that the Swiss National Bank will further cut interest rates in both this year and 2025.
United Kingdom's manufacturing sector started the fourth quarter uncertainly. Cost inflation easing may provide growth space for policymakers.
November 1st, Global Intelligence Director Rob Dobson of Standard & Poor's stated: "The United Kingdom's manufacturing industry began the last quarter of the year on uncertain footing, as speculation on government policies before the budget led to a widely reported caution in investment and spending. Domestic headwinds, coupled with ongoing losses in export business, resulted in a comprehensive contraction in new employment levels for the first time since April. As a result, output growth has nearly stagnated. Overall PMI fell below the neutral level of 50.0, with business optimism only slightly higher than the nine-month low point in September, which also signals
United Kingdom's manufacturing PMI final value for October is 49.9, lower than expected.
November 1st of Glonhui｜United Kingdom's October manufacturing PMI final value is 49.9, expected 50.3, previous value 50.3.
Express News | After the budget, the British pound weakened and the market remained cautious about the Bank of England cutting interest rates.