SNB Chairman Schlegel says inflation in Switzerland has risen and October reading was higher than expected, with the central bank to watch the situation closely, particularly for second round inflationary effects

Newsquawk Staff · 4 Nov 2026, 23:25 UTC

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No significant second-round effects so far, but can't be ruled out in the future.
SNB won't hesitate to adjust policy if price stability is put at risk.

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Democrats are projected to have flipped both the House and Senate from the Republicans.
US President Trump said he will accept the election result and is prepared to work with Democrats, while stating that veto power is one of the strongest powers he has.

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