16 Mar 2016
SNB could remain ‘on hold’ tomorrow – Rabobank
Researchers at Rabobank sees the SNB keeping its monetary stance unchanged at tomorrow’s meeting.
Key Quotes
“What can we expect tomorrow? Rates will very likely remain on hold as the EUR/CHF currency pair advanced following the comments by Mario Draghi on the deposit rate”.
“The forward on 3-month Libor rose from -1.05% to -0.81%. In fact, a very large majority of analysts does not expect a change on Thursday”.
“We expect a dovish tone from the SNB, with Thomas Jordan repeating that the central bank is ready to do more, if necessary”.
Key Quotes
“What can we expect tomorrow? Rates will very likely remain on hold as the EUR/CHF currency pair advanced following the comments by Mario Draghi on the deposit rate”.
“The forward on 3-month Libor rose from -1.05% to -0.81%. In fact, a very large majority of analysts does not expect a change on Thursday”.
“We expect a dovish tone from the SNB, with Thomas Jordan repeating that the central bank is ready to do more, if necessary”.