The Swiss National Bank destroyed this image with its surprise 25-bps rate cut. It is what other central banks might do?
What we are talking about is the losses that many central banks are making.
Should central banks try to guide the public’s expectations of interest rates?
The Fed, ECB, BOE and SNB all hiked 50-bps while Norges Bank announced a smaller 25-bps hike.
Swiss National Bank (SNB)’s intervention might be leading to a significant directional move in EUR/USD.
The key question is whether the SNB will continue to allow the franc to rise in its next monetary policy meeting.
The most significant example of ongoing intervention in FX has been from the Swiss National Bank (SNB) as it tries to stop the franc from rising too rapidly against the...
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