SNB to take ECB’s lead; Stoltenberg for NB?

Having drawn flak from domestic banks for keeping interest rates well below zero since 2015, the SNB would surely take the chance to raise its policy rate at the earliest possibility after the ECB (which we now expect to hike in 2024, if not sooner). But the bigger picture is that interest rates will be raised gradually at best, and the policy rate in Switzerland is still on track for a sub-zero decade.