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22nd Sep 2022 13:43Eurozone, Daily Monitor

  • The SNB joined the 75bp rate hike club yesterday; it won’t stay there for long.
  • We expect a 50bp hike in December, taking the rate to 1.00%, and we think the Bank will pause in 2023.
  • Unlike the ECB, the SNB is capping the amount of bank deposits that will benefit from higher rates.

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cpi December forecast deposits ECB fed fx reserves inflation forecast inflation forecasts interest rate July June monetary policy money supply policy q3 q4 rate hike u.s.

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Keywords for: 23 Sept 2022 Eurozone Monitor

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