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Citibank expects Swiss central bank to raise interest rates next week

Friday, June 10, 2022
Citibank expects Swiss central bank to raise interest rates next week © Reuters. FILE PHOTO: A general view shows the building of the Swiss National Bank (SNB) in Zurich, Switzerland March 7, 2022. REUTERS/Arnd Wiegmann

LONDON (Reuters) - Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week.

Swiss inflation rose in May by the most in nearly 14 years and some policymakers have sounded a more hawkish note recently.

"We expect the SNB to hike its policy rate by 25bp to -0.5% on 16 June and exit negative territory by the end-2022," the U.S. bank said.

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03-07-2022 16:06:41 (UTC+7)

EUR/USD

1.0429

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Neutral

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EUR/USD

1.0429

-0.0053 (-0.51%)

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Neutral

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1.2098

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USD/JPY

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 EUR/USD1.0429Neutral
 GBP/USD1.2098↑ Buy
 USD/JPY135.21↑ Sell
 AUD/USD0.6816↑ Sell
 USD/CAD1.2888Buy
 EUR/JPY140.98Neutral
 EUR/CHF1.0007↑ Sell
 Gold1,812.90↑ Buy
 Silver19.823↑ Buy
 Copper3.6138Neutral
 Crude Oil WTI108.46↑ Sell
 Brent Oil111.48↑ Sell
 Natural Gas5.620↑ Sell
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RON 95-V33.36034.020
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