SNB to raise rates by 50 bps to 1.5% – Standard Chartered
|Analysts at Standard Chartered offer a sneak peek at what they expect from Thursday’s Swiss National Bank (SNB) policy announcement.
Key quotes
“We expect the SNB to hike by 50 bps, taking the policy rate to 1.5% from 1.0%.”
“Hawkish policy comments, higher-than-expected February inflation and a widening interest rate differential with other major central banks support our view.”
“We now see a final 25 bps hike in June to a terminal rate of 1.75% (1.5% previously), followed by a pause.”
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