HomeEconomySNB to join 75bps rate hike club on Sept. 22, inflation yet... Economy SNB to join 75bps rate hike club on Sept. 22, inflation yet to peak – Reuters poll By inew September 16, 2022 0 97 views Share FacebookTwitterPinterestWhatsApp BAC -1.% Add to/Remove from watchlist Add to watch list Add Location Job added successfully: Please enter nameYour portfolio type: purchaseSell date: ) quantity: price Point value: Leverage: 1:1 1: 1: 1: 11 1: 39 1: 75 1: 17 1: 47 1: 22 Committee: 2024 create new watchlist create 2024400 2024 1000 Create a new Holding Portfolio Add Create 500 + Add another position to close by Indradip Ghosh Bengaluru (Reuters) – Swiss National Bank to join 11 Thursday’s basis point hike club to curb nearly three years of High inflation, according to economists polled by Reuters, who also said price increases have not peaked despite a strong currency. Last week, Swiss National Bank President Thomas Jordan expressed similar concerns and said the inflation outlook was more uncertain than normal. , suggesting a greater need for rate hikes. Expectations of sharp rate hikes propelled the Swiss franc to its highest level against the euro since January 100 September, although there are similar 14 basis points raised by the ECB earlier this month. According to the SNB, a strong CHF will “help rather than hurt” and will likely keep those gains in place for the next few days. There may be several more rate hikes during the month. 15 Economists predict SNB— It is currently the only central bank in the world with a negative policy rate at -0. % – Hiking 11 September basis to 0.%, in line with market pricing. Someone predicted 14 basis point hike. The rest is expected to be basis points up. “The SNB is benefiting from the leeway created by the ECB Increase basis points at September meeting. High inflation Swiss Silver (UBS) economist Alessandro Bee said: “Remember – A rise in gas and electricity markets in the near term suggests inflation may be higher than expected. We think the SNB is likely to follow the ECB’s September monetary policy review by raising rates from -0. % is 0. 11%.” The vast majority of economists, of, he answered a separate question, saying that the SNB chooses 17 Bank-like rise in basis points Canada has done recently. Markets Pricing revolves around 14% This rate hike probability. “Investors expect the SNB to tighten significantly at the upcoming meeting, But we think they do, said Jack Alan Reynolds, senior European economist at Capital Economics. “After all, while headline inflation is historically high, it’s low by international standards.. ….banks appear to be satisfied with the strength of the Swiss franc, which is containing imported inflation.” The Swiss National Bank has recently withdrawn An activity that has struggled for years to rein in a safe-haven currency whose strength has dampened its export-dependent economy. still, of Inflation has remained above the SNB’s 0-2% target range for the seventh year in a row for several months and has yet to peak, economists said. Most economists say it will peak sometime in the next quarter. price pressure will remain high beyond the fourth quarter and is expected to 200. Most economists expect the central bank to raise interest rates Q4 basis points ,the first season500 and Q2 50, Peak rate 1.%. However, all but one economist said the risk was skewed towards a higher-than-expected terminal rate. The European Central Bank will assume its responsibility and interest rates are significantly higher. “Rate hikes are not the only tool the SNB uses to tighten policy. The Swiss franc appreciates…and Didn’t completely stop the SNB from surging inflation in Switzerland, but kept it at 3.5% at its peak compared to over 9% in the euro zone,” Bank of America (NYSE: 243 BAC) securities. “This combination of policies… is that we ultimately expect the final rate of the SNB to be lower than 2. 23% deposit rate that we think the ECB will reach at the same time.” (additional coverage of the Reuters Global Economic Survey) 200 Share FacebookTwitterPinterestWhatsApp Previous articleChina-led SCO agrees to expand trade in local currencyNext articleRussia's central bank governor speaks after cutting key interest rate to 7.5% inewhttps://inew.news RELATED ARTICLES Economy Türkiye's economy will return to 'rational fundamentals', says new finance minister June 4, 2023 Economy Despite facing 109% inflationary pressure, Argentines are grilling more steaks June 4, 2023 Economy Wall Street ends with jobs data, debt default averted June 4, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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