Widening policy rate differential with ECB suggests CHF weakness ahead, in the opinion of economists at CIBC Capital Markets.
SNB to remain potentially activist in the FX space
“Beyond the prospect of ongoing monetary tightening, we can expect the central bank to remain potentially activist in the FX space. However, we would expect any activity to be commensurate with the pursuance of the goal of price stability rather than attempting to reduce the balance sheet.”
“We expect additional SNB policy activity, resulting in a 1.75% terminal rate. However, in view of the assumption of the ECB hiking rates towards 3.50%, the widening in nominal rate differential favours a modest uptrend in EUR/CHF.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。