Swiss National Bank President Jordan has often complained that inflation remains too high, although other central bankers, who are grappling with much higher inflation, would be happy to change places. I suppose that Jordan would grudgingly admit that the inflation picture has brightened. Inflation fell to 1.7% in June, as both the headline and core rates dropped into the Bank’s target range of 0%-2% for the first time since January 2022. The good news is expected to continue on Thursday, with Swiss inflation projected to tick lower to 1.6% in July. Although Switzerland’s inflation picture is looking bright, the SNB ... (full story)