SNB to stay on hold, how to trade it - Credit Agricole

Discussion in 'Market News' started by ForexLive, Dec 8, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    SNB strategy from Credit Agricole Last week's disappointment by the ECB should have decreased pressure on the SNB to turn more aggressive on monetary policy. It must be remembered too that SNB Vice Chairman Zurbruegg just recently stressed that interest rates around the current levels are appropriate. Even if the still overvalued franc keeps monetary conditions tight to the detriment of price developments a large part of weak inflation should be due to external factors such as weak commodity price developments.

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