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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCredit Suisse Up SNB Expectations to 50bps Hike in March, 25bps Hike in June
- On the SNB, Credit Suisse bump up their rate hike expectations, and now foresee 50bps at March's meeting (previous view was 25bps). They also add 25bps forecast for the June meeting, putting rates at a peak of 1.75%.
- The change is due to a larger-than-expected rise in rent for November, meaning their 2023 inflation view is upped to 1.7% from 1.5%. Their conviction on a June hike is lower than that of March, but they continue to sense that the SNB will prefer the policy rate to be the main policy instrument over and above any reduction in the balance sheet.
- On FX, they see the SNB continuing to sell FX, with increasing depreciation pressure being met by more sizeable intervention going forward.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.