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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.
MNI (LONDON) - EXECUTIVE SUMMARY:
- SNB has, as expected, cut its policy rate for the third consecutive time by 25bps, and materially kept its FX communications unchanged
- They have revised lower their inflation forecast amid lower inflationary pressures driven by a stronger CHF and lower energy prices, despite it being conditional on the new, lower, policy rate of 1.00%
- The biggest surprise of the meeting likely was the addendum of a comment on potential further easing, which yielded a repricing in longer-term Swiss interest rate markets
FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK: SNBReview-2024-09.pdf
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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