SNB must provide information on exchange rate policy to gain confidence – Commerzbank SNB EURCHF Banks
“The SNB is expected to raise its key interest rate by 50 bps to 1%. At least that's what almost all analysts believe. So it makes sense to assume that as well. I can't imagine that the Swiss monetary watchdogs want to surprise the market too much.”
“The only thing we would like to know is how the SNB defines ‘weakening’. Only if this is clearly understood by the market can it judge the credibility of the SNB's policy. If everyone has to guess what exchange rate policy the SNB has promised us, there can be no confidence in this policy. And then, I fear, it will not be very effective.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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