Summary:
The SNB announcement is due on Thursday at 0730 GMT. This in brief via Standard Chartered: expect SNB to hike by 100bp Stan Chart were at +50bp but have ramped their expectation much higher. Add that this takes: the base rate to 0.75% from -0.25%, and out of negative territory for the first time since 2014 More: We believe positive currency rhetoric from the SNB and increasing hawkishness among major central banks support our larger-than-consensus rate hike forecast; most economists are predicting a 75bps hike, though markets are pricing in around an 86bps step Note the SNB monetary policy committee (MPC) sets rates only once every quarter; we forecast a further 50bps of hikes each at the ECB’s October and December meetings. We see a further 75bps of tightening by
Topics:
Eamonn Sheridan considers the following as important: Central Banks, Featured, Feed, newsletter
This could be interesting, too:
The SNB announcement is due on Thursday at 0730 GMT. This in brief via Standard Chartered: expect SNB to hike by 100bp Stan Chart were at +50bp but have ramped their expectation much higher. Add that this takes: the base rate to 0.75% from -0.25%, and out of negative territory for the first time since 2014 More: We believe positive currency rhetoric from the SNB and increasing hawkishness among major central banks support our larger-than-consensus rate hike forecast; most economists are predicting a 75bps hike, though markets are pricing in around an 86bps step Note the SNB monetary policy committee (MPC) sets rates only once every quarter; we forecast a further 50bps of hikes each at the ECB’s October and December meetings. We see a further 75bps of tightening by
Topics:
Eamonn Sheridan considers the following as important: Central Banks, Featured, Feed, newsletter
This could be interesting, too:
Jacob G. Hornberger writes How the Constitution Constrained Federal Spending and Debt
Scott B. Nelson writes The Elusive International Order
Sound Money Defense League News writes Central Banks Turn to Gold as Losses Mount
Swissinfo writes Swiss medicine sales to Russia hit 30-year high
The SNB announcement is due on Thursday at 0730 GMT.
This in brief via Standard Chartered:
- expect SNB to hike by 100bp
Stan Chart were at +50bp but have ramped their expectation much higher. Add that this takes:
- the base rate to 0.75% from -0.25%, and out of negative territory for the first time since 2014
More:
- We believe positive currency rhetoric from the SNB and increasing hawkishness among major central banks support our larger-than-consensus rate hike forecast; most economists are predicting a 75bps hike, though markets are pricing in around an 86bps step
- Note the SNB monetary policy committee (MPC) sets rates only once every quarter; we forecast a further 50bps of hikes each at the ECB’s October and December meetings. We see a further 75bps of tightening by the SNB in December, taking the base rate to 1.5% by end-2022 (previously 0.25%), followed by a final 50bps of hikes in Q1-2023 to a terminal rate of 2.0%
—
SNB Governor Jordan
Tags: central-banks,Featured,newsletter