SNB: Three scenarios and its implications for EUR/CHF – Credit Suisse SNB EURCHF Banks
Economists at Credit Suisse discuss the Swiss National Bank interest rate decision and its implications for the EUR/CHF pair.“The SNB hikes 75 bps or 50 bps, hints at further rate increases and leaves its conditional long-term inflation forecast unchanged at 2% or even revises it upwards. We assign a combined 60% probability to this scenario, 10% to the very hawkish and 50% to the hawkish setup. In both cases, EUR/CHF should trend lower towards our 0.
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