Nordic & Swiss Economics

Nordic & Swiss Watch

5 October, 2017

How will the SNB respond to ECB tapering?

The Swiss National Bank will surely welcome the likely announcement later this month by the European Central Bank that it will wind up its asset purchase programme next year. This will probably help the Swiss franc depreciate a bit further, supporting the nascent recovery in Swiss inflation and taking the pressure off the SNB to intervene in the currency markets. However, with the ECB set to stress that interest rate hikes are still a long way off, we see the SNB sticking to its ultra-accommodative

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon

Get the App

The Capital Economics apps are a great way for clients to keep up to date with our latest research.

Capital Economics AppsFind out more
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.