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

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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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