One can always dream I guess
- Future rate increase depends on inflation, FX developments
- For now, negative rates remain necessary and appropriate
- SNB remains ready to intervene in FX market as and when neeed
- Economy will be hurt if rates are increased now
Yeah, any rate rise in the SNB remains far-fetched at this point in time as the Swiss central bank will also have to rely on the ECB to raise rates first. And that remains a distant possibility as well.
Central bankers speaking about tightening policy with no inflation...
