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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services