新加坡元/瑞郎 (SGDCHF) 加自选

SNB预览：大幅削减，保持在0%–野村。SNB预览：大幅削减，保持在0%–野村

SNB preview: High bar to a cut, hold at 0% – NOMURA.SNB preview: High bar to a cut, hold at 0% – NOMURA

瑞士11月外汇储备从之前的7250亿增至7270亿。瑞士11月外汇储备从之前的7250亿增至7270亿

Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November.Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November

瑞士11月经季节性调整的失业率为3.0%，而预期为3.0%。瑞士失业率稳定在3.0%，11月份保持稳定。然而，总体趋势继续表明劳动力市场状况逐渐疲软，这将使瑞士央行保持警惕，尤其是在未来最终需要转向负利率的情况下。

Switzerland November seasonally adjusted unemployment rate 3.0% vs 3.0% expected.The Swiss jobless rate holds steady at 3.0%, keeping steadier in November. However, the overall trend continues to point to gradual softening in labour market conditions and that will keep the SNB on their toes especially with the eventual need to pivot to negative interest rates down the road.

瑞士CPI回升至0.0%，11月物价普遍下跌。瑞士11月通胀有所缓和，整体CPI环比下降0.2%，符合预期，而年通胀率从同比0.1%放缓至0.0%，低于0.1%的预测。核心CPI也有所下降，同比下降-0.1%，年利率从同比0.5%降至0.4%。

Swiss CPI back at 0.0% as broad price declines in November.Swiss inflation softened in November, with headline CPI falling -0.2% mom, in line with expectations, while annual inflation slowed from 0.1% yoy to 0.0%, undershooting forecasts of 0.1%. Core CPI also dipped, falling -0.1% yoy, with the annual rate easing from 0.5% yoy to 0.4%.