MNI SNB Review: March 2024 - Lower, More Quickly
Mar-22 14:24By: Moritz Arold and 1 more...
Executive Summary:
- SNB has cut its policy rate by 25bps to 1.50%, surprising markets and most analysts
- Unchanged FX communications, with no focus on either CHF buying or selling
- Inflation forecast downwardly revised materially despite lower conditional policy rate
For our full review, including a summary of 9 sell-side views, as well as a rough transcript of the press conference incl Q&A, see the PDF below:
MNI, SNB
