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20th Jan 2023 15:29Eurozone, Weekly Monitor

  • Recent SNB CHF sales, which weaken the currency, are counter productive to its price stability aims.
  • The Bank will resume CHF purchases and hike rates to fight inflation; it will likely fall to target by April.
  • But the key policy rate will remain well below that elsewhere, peaking at 1.25% in March, we think.

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Keywords for: 23 Jan 2023 Eurozone Monitor

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