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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.
Executive Summary:
- SNB wholly expected to keep rates policy unchanged, with FX approach still pursuing an easing bias
- Near-term inflation forecast expected to tick higher
- Counter-cyclical buffer could come back into play to stem mortgage risks
Full piece here:
Rates expected unchanged for the foreseeable, to stress FX intervention as primary policy tool
While there's relatively little doubt that the SNB board will keep headline policy rates unchanged this quarter, the past three months have seen the bank re-assert itself in currency markets, with renewed evidence of FX intervention in EUR/CHF. Week-on-week upticks in total sight deposits coincide with periods of protracted strength in CHF, and serve as a reminder that while the SNB's rate policy appears dormant, the Bank continue to aggressively pursue an easing bias.
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.
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