Continues to aim for 3-month libor at 0.25%. As expected.
Bloomberg reported that the SNB’s Hildebrand sees danger unless excessive liquidity is absorbed at the right time. Don’t expect the SNB to stand on the economic brakes but expect them to use every opportunity to make minor liquidity adjustments when … Continue reading
UBS apparently is telling clients that the SNB will hike rates in June, pushing back their earlier call for a March hike. With EUR/CHF anywhere in the neighbor hood of 1.3000, I don’t think there is a snowballs chance of … Continue reading
Overshoot of franc would threaten existence of basically sound countries Not sure what they can do about it, however, seeing as they are saddled with massive losses on their failed intervention. The SNB remains a rumored buyer of USD/CHF on … Continue reading
Growth to slow significantly in 2011 due to the strong franc Franc a big burden on parts of Swiss economy Euro zone stability key for franc FX interventions decisions based on deflation risks, a lasting fall in prices caused by … Continue reading
Traders report talk that the SNB is expected to be a buyer of EUR/CHF should we dip to the 1.2850 area. There has been a clear ramp-up in the level of concern from CHF authorities in recent days, both inside … Continue reading