CORRECTED-Swiss inflation falls to 0% in April

ZURICH, May 5 (Reuters) - Swiss inflation fell to an unexpectedly low 0% in April, government data showed on Monday, increasing the chances the Swiss National Bank will cut rates again next month.

Consumer prices rose did not rise last month compared with a year earlier, below the 0.3% increase in February and March, and at the bottom end of the SNB's 0-2% target range.

The figure was below the Reuters poll for a reading of 0.2%.

The data raises the likelihood the Swiss National Bank will cut its policy rate from the current 0.25% at its next meeting on June 19 to prevent inflation falling below its 0-2% target range.

Markets had priced in an 93% probability the SNB will cut to 0% before the data. There was also a 95% probability that rates will go below 0% later in the year.