Swiss Inflation Stays Unexpectedly Weak in Test for the SNB (1)

Swiss inflation stayed unexpectedly low in September, posing a challenge to the central bank at a time when the economy is also suffering from outsized US tariffs.

Consumer prices rose 0.2% from a year ago, matching August’s increase, the country’s statistics office said on Thursday. All but three economists out of a Bloomberg survey of 15 had anticipated a pickup.

The result may keep the prospect of more easing on the agenda of Swiss National Bank officials, who have already cut their interest rate to zero. Last week they refrained from lowering it into negative territory again to avoid ...