EUR/CHF to remain well supported amid widening ECB/SNB policy divergence – CIBC EURCHF Banks SNB ECB
SNB to be less activist than ECB pro-activity, we expect the bank to be less activist than its ECB counterpart.”
“Narrowing growth differentials add to the presumption widening ECB/SNB policy divergence. Policy differential ended 2022 at 100 bps, we would expect that to widen to 150 bps by the end of Q1. Such policy widening points towards EUR/CHF remaining well supported.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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