SNB to Cut Rates by 25bp Today, But It’s a Close Call

In focus today Today, we expect the SNB to cut policy rates by 25bp to 1.00%, but stress that it is a close call between 25bp and 50bp as inflation has underperformed the SNB’s forecast, the real trade-weighted CHF has appreciated notably, and GDP has been higher than expected. Jordan has previously stated that the […]

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