On ****, Guolong Report | Kaishu Macro Economist Adrian Prettejohn said that given that Swiss inflation meets the Swiss central bank's expectations, and GDP data for the first quarter shows economic growth has rebounded, the Swiss central bank may stand pat at the meeting on June 20th. In his report, he said that as rental increases have been offset by declining core commodity prices, the May inflation rate remained at 1.4%. Inflation rates are expected to decline in the next few months as surveys of service companies show that sales price pressures have normalized. However, he added that the magnitude and speed of the decline in inflation rates in the service sector may be less than expected, raising questions about whether the Swiss central bank will cut interest rates again this year.