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Policy Decision Due in 20 Minutes

SNB
  • First major rate decision of the day due in just under 30 mins, with the SNB at 0830BST.
  • Market split between a 25 and a 50bps rate rise today: 50bps hike would reinstate the rate differential with the ECB, with vigilance on inflation, bank fragility in the rearview mirror and higher foreign rates a key driver. Nonetheless, core CPI looks to have peaked, which could presage a 25bps move today.
  • Full MNI Preview here: https://roar-assets-auto.rbl.ms/files/54261/MNI%20...

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