1014 GMT - While energy prices in Switzerland may accelerate further, headline inflation should stay well within the Swiss National Bank's target range, meaning there is no need to raise interest rates, Capital Economics' Harry Chambers says. Swiss inflation rose to 1.0% in September from 0.8% in August, driven by energy costs, hitting the middle of the SNB's 0%-2% target. An expected stronger franc means that any increase in imported non-energy goods inflation should be limited, and that core inflation should remain very low, Chambers says. "We remain confident that the SNB will keep its policy rate unchanged at 0% over the coming years," he notes. Investors expect up to three Swiss rate hikes before the end of 2027, LSEG data show.
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