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SNB Holds Rates, Eases Threat of Franc Intervention
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflationCurrency & FX
The Swiss National Bank kept interest rates unchanged, reduced its stated willingness to intervene to weaken the Swiss franc, and raised its inflation forecasts. The shift signals a less accommodative FX posture amid firmer expected price pressures, with potential implications for CHF positioning and Swiss rate expectations.
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