Trial now
EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Jul 19, 2021

EURJPY TECHS

Corrective Cycle

USDJPY TECHS

Holds Onto Recent Corrective Gains

UK

Timeline of key events (Times BST)

EURGBP TECHS

Sharp Reversal Lower

EUROZONE

Timeline of key events (Times CET)

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

SNB keep the policy rate unchanged at -0.75%, as expected.

Monetary Policy Assessment here: https://www.snb.ch/en/mmr/reference/pre_20210617_2...


Inflation forecasts tick higher, as expected:

  • CPI seen topping out at 1.0% in Q4 (Prev. 0.6%) this year, before drifting lower across the forecast horizon
  • Retains comms that "The Swiss franc remains highly valued."
  • Continues to assume H2 recovery
  • Flags that vulnerability of mortgage & real estate market has increased further
With decision broadly inline with expectations, very little response in CHF against either the USD or EUR.