Eurozone retail sales fell −0.4% in April. May HICP hit 3.2%, with energy up 10.9% year-on-year, a supply shock the ECB's June hike to 2.25% cannot fix. Next door, the SNB holds at 0% with Swiss CPI at 0.6%.
Swiss headline inflation held at 0.6% year-over-year in May, giving the Swiss National Bank further scope to keep policy accommodative ahead of its June decision. Source
