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17th Jun 2022 00:00Eurozone, Daily Monitor

The SNB threw a bazooka yesterday, hiking interest rates and doing a U-turn on its approach to the CHF.

As a result, the franc saw its biggest intra-day jump vs. the euro since the Frankenshock of 2015.

We look for the Bank to hike rates again at each of this year’s two remaining meetings, before pausing.

deposits disinflation ECB energy euro federal reserve headline rate interest rate March monetary policy negative rates policy September

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