Pantheon Macroeconomics

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21st Mar 2022 22:10Eurozone, Daily Monitor

  • The Swiss franc has eased back from parity against the euro in recent days...
  • ...It will strengthen again before the end of ECB, QE, likely to 1.01-to-1.02, but will re-weaken in Q3.
  • With inflation set to fall below target in H2 this year, the SNB will not hike rates in line with the ECB.

central banks communication currency December deposit rate ECB energy energy inflation energy prices euro ez February federal reserve forecasts futures prices fx gas prices growth h2 headline rate inflation interest rates intervention March markets monetary policy qe remain September trade us

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Keywords for: The SNB will Stand Pat This Week & Hold Rates Until 2024, at Least

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