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- UBS chief economist: SNB to raise rates at the start of 2020, same time as ECB
UBS chief economist: SNB to raise rates at the start of 2020, same time as ECB
Expects first SNB rate hike at the start of 2020, similar to that of the ECB
CHF still overvalued, further strength poses danger for further slowdown in Swiss economy
Rate hikes by SNB, ECB will likely be reflected by rising yields towards end-2019
Rates to remain historically 'very low' for next few years even after 2020
Initial rate hike unlikely to trigger panic in the bond market
Expects long-term yields to rise in a fairly mild manner
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