- Analytics
- News and Tools
- Market News
- EUR/CHF: SNB to delay hikes in order not to exert additional upside pressure on the franc – Commerzbank
EUR/CHF: SNB to delay hikes in order not to exert additional upside pressure on the franc – Commerzbank
The Swiss National Bank (SNB) could wait to raise interest rates until September. In this case, CHF’s appreciation pressure should be softened, economists at Commerzbank report.
SNB assumes that elevated inflation is merely temporary
“So far, the SNB assumes that elevated inflation is merely temporary and that it will return to the target corridor in the medium term. If Governing Board members stick to the assessment that this is only temporary, this rather suggests that they will wait a while longer before raising their key rate.”
“The SNB could let the ECB take the first step and then follow suit in September – also in order not to exert additional appreciation pressure on the franc.”
© 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
