Widening policy rate differential with ECB suggests CHF weakness ahead, according to economists at CIBC Capital Markets.
SNB to be less activist than ECB
“Although we expect additional SNB pro-activity, we expect the bank to be less activist than its ECB counterpart.”
“Narrowing growth differentials add to the presumption widening ECB/SNB policy divergence. Policy differential ended 2022 at 100 bps, we would expect that to widen to 150 bps by the end of Q1. Such policy widening points towards EUR/CHF remaining well supported.”
“Q1 2023: 0.99 | Q2 2023: 1.00 (EUR/CHF)”
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
喜欢的话，赞赏支持一下
暂无评论，立马抢沙发