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MNI SNB Review - December 2023: Shifting Into Neutral

SNB

We've just published our review of the December SNB meeting, including a summary of sell-side views and a broad transcript of the news conference - emailed to clients and can be foundat this link (PDF)


Executive Summary:

  • Bank held policy rates unchanged at 1.75%, as expected
  • Inflation forecasts revised downwards, with growth seen sluggish
  • Clear change in communications over CHF approach, FX selling bias removed

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