Swiss price pressures continue to slow with the strengthening Franc that is containing price pressures and supporting expectations for the SNB to keep rates steady for the next quarter tomorrow.

The Producer & Import Price Index in May dropped 0.2% from the previous 0.3% rise and below the expected 0.1% and is now down 0.4% on the year following 0.1% the previous month and more than the expected -0.1%.