SNB Preview: Forecasts from six major banks, acting with caution SNB InterestRate Macroeconomics Banks
by the economists and researchers of six major banks regarding the upcoming central bank's Interest Rate Decision.
The SNB is expected to deliver a 50 basis points rate hike, taking the policy rate to 1.5%, despite market turmoil. “Our baseline scenario remains a 50 bps rate hike, but the probability of this has seriously diminished, and neither the status quo nor a 25 bps hike can be ruled out. Unlike the ECB, the SNB has not pre-announced anything, so it is freer in its choices.”“We expect SNB to hike its policy rate by 50 bps to 1.5% this week despite the turmoil surrounding the banking system.
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