SNB policymakers have recently pushed back against the prospect of lowering interest rates below zero, so they are likely to leave the policy rate at zero next week. However, we think inflation will be lower than officials’ forecasts in the coming months and policymakers will soon change their tune on negative interest rates. December looks most likely for the next cut.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
