Energy-driven inflation won’t force the SNB’s hand
We think that the SNB will leave its policy rate unchanged at next week’s meeting. While higher energy prices have pushed inflation higher, underlying price pressures are weak and inflation is set to remain well within the SNB’s target range. With economic growth likely to slow, and policymakers concerned about the strength of the franc, we think the SNB will leave rates on hold for the next few years.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
