Preview of the SNB monetary policy meeting this week and implications for the CHF

Discussion in 'Fundamental Analysis' started by ForexLive, Dec 7, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The Swiss National Bank policy announcement is due at 0830GMT on Wednesday December 10 Barclays say the SNB is likely to leave policy on hold Following the ECB's policy under-delivery, we now expect no change in SNB policy. When we originally proposed that the SNB would remove the exemption from negative deposit rates for the majority of domestic banks' sight deposits - its "nuclear" option - it was conditional on the ECB taking aggressive action that would increase downside pressure on EURCHF Barclays now expect the SNB to take a "wait and see" approach to accompanyto the "less aggressive" ECB

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