TrackRecord Trading Profile picture
Sep 24, 2020 3 tweets 2 min read Read on X
The Swiss National Bank will have its meeting today, and with Switzerland having fallen back into deflation, markets are pricing in a 30% chance for a small rate cut.
That said, the SNB already boasts the lowest rates worldwide, so it is unlikely to cut any deeper as running out of policy ammunition would risk generating a negative expectations loop. Instead, it will probably stick to huge FX interventions.
The CHF may tick higher if the SNB does not indicate any interest in rate cuts or even a thought to it, but any rally might not be sustained for long.

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4 NOTABLE LEGAL OPINIONS OF U.S. SUPREME COURT PICK: AMY CONEY BARRETT

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Thread Below ⬇️
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