The EUR/CHF pair is trading below the 1.00 level. The Danske Bank economists expect the pair to remain below par.
The SNB will raise interest rates by 50 basis points in March
“The Governor of the Swiss National Bank (SNB), Thomas Jordan, reiterated that monetary policy remained too easy and the need for further tightening could not be ruled out. With headline and core inflation showing no signs of easing and Jordan not closing the door on another significant rate hike, we expect the SNB to raise its interest rate by 50 basis points (versus 25 basis points). ) at their meeting on March 23″.
“Similarly, we maintain our view of a EUR/CHF cap around 1.00 given the SNB’s continued intervention to limit significant depreciation of the Swiss franc.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
