- Analytics
- News and Tools
- Market News
- EUR/CHF to trade 1.10 by year-end, SNB set to stay out of the FX market - Capital Economics
EUR/CHF to trade 1.10 by year-end, SNB set to stay out of the FX market - Capital Economics
FXStreet notes that the Swiss National Bank (SNB) announced its latest monetary policy decision this Thursday and left its sight deposit interest rate unchanged at -0.75%. The decision came as no surprise. Analysts at Capital Economics suggest that the prospect of further falls in the franc should allow the Bank to largely stay out of the FX market, but the policy rate will remain rooted at a record low of -0.75% for the foreseeable future.
“Given the importance that the SNB attaches to maintaining the interest rate differential with the ECB, we expect it to leave its policy rate on hold at -0.75% for the foreseeable future.”
“Although the SNB would intervene to counter any sudden increases in the franc, we expect a further rise in risk sentiment to relieve pressure on the currency franc and allow the Bank to largely stay out of the FX market.”
“We now expect the Swiss franc to fall to CHF 1.12 per euro by year-end (previously CHF 1.10) and to CHF 1.14 (previously CHF 1.12) by the end of 2022.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
