Says Thomas Jordan.
- Need to wait to asses impact of ECB rate cut
- Wasn’t totally surprised by the cut
- Interest rates will remain low in Switzerland
- Low rates may lead to property bubble risk which SNB will respond to if necessary
- SNB monitoring property market which is already in difficult situation
I did wonder about the lack of movement in EUR/CHF yesterday considering that nearly every other euro pair took a hit. It’s either become the forgotten currency or there’s some sneaky SNB support that comes in on risk events.
