SNB Rates Seen on Prolonged Hold, Commerzbank Says
Commerzbank analyst Michael Pfister says subdued imported inflation and low exchange rate pass-through give the Swiss National Bank little reason to tighten, pointing to a prolonged hold on interest rates.
CHF
Michael Pfister, an analyst at Commerzbank, believes the Swiss National Bank is likely to keep interest rates on hold for an extended period. He points to subdued imported inflation and a low pass-through of exchange rate changes into domestic prices as key reasons why the central bank has little incentive to tighten policy further. The view suggests the SNB may maintain its current stance for some time.
Source: FXStreet Forex News