Bloomberg report the Swiss National Bank (SNB) might cut its deposit rate further if the Swiss franc moves in the 'wrong direction'
- From -0.75% currently to -1.5%
- Bloomberg refer to a report in Schweiz am Sonntag, where unidentified people close to the SNB are cited
- Says SNB board wants the CHF at 1.1 euro
No further details, nor link at this stage.
EUR/CHF, past month:
Given the extra-skittish nature of all things CHF related sinc the SNB pulled the rug out from under the market, I expect that a CHF fall on Monday morning (with a gap) would not surprise on a headline like this.
I'll try to get more detail on the report ahead of the Monday opening.
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Schweiz am Sonntag (Switzerland on Sunday) is a Swiss Sunday newspaper
