Analysts at Standard Chartered offer a sneak peek at what they expect from Thursday’s Swiss National Bank (SNB) policy announcement.
“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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