The decision of the Swiss National Bank (SNB) is scheduled for Thursday. In any case, the franc is unlikely to weaken significantlyreport Commerzbank economists.
The SNB will not have an easy decision next week
“In any case, we will have to wait to see if the situation in the markets softens over the next week. If that were the case, the SNB could follow suit and raise the key rate like the ECB“.
“After the CHF benefited from its safe-haven role at the start of the week, this changed as attention turned to Switzerland. However, the depreciation potential of the franc is limited, as the SNB clearly signaled that it wants to avoid a significant weakening of the CHF due to high inflation rates and that, if necessary, it would be ready to intervene again.”
Source: Fx Street
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