SNB seen raising rates earlier than previously expected - Bloomberg survey

Dhwani Mehta FXStreet

The latest Bloomberg survey of economists showed that a majority of the respondents now expect the Swiss National Bank (SNB) to raise the interest rates in Q3 2019 versus a Q4 2019 rate hike predicted in the previous survey.

Additional Findings:

“The forecast timing of a second rate hike thereafter remains the same, at Q1 2020.

Other forecasts on growth and inflation were largely left unchanged as Q2 2018 GDP forecast is seen at +0.5% q/q - similar to the prior survey.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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