Does anyone else believe that the Swiss National Bank will not raise rates this coming meeting contrary to analysts' expectations?
I would appreciate educated feedback.
I would appreciate educated feedback.
I tried to do a little macroeconomic search before replying here, but unfortunately I couldn't find some charts to show how statistics have evolved over time
So, just by judging after current-world situation, I don't see any reason why they should raise raites. Japan, who everyone considered that will raise it's rate before the subprime mess began, abandonated that ideea; looking thru the last week's numbers in the calendar section, I just can't see anything that points out inflation arround the corner
"Abandon all hope, you who enter here"
La Divina Commedia, Dante Alighieri
- #4
- Last Post: Sep 14, 2007 4:48am Sep 14, 2007 4:48am
- | Joined May 2006 | Status: Trader | 381 Posts
I did not trade this one since I was not very sure of it, but I believed the SNB would not raise rates given the volatility (instability) of the CHF money market and recent global financial turmoil.
The thing with central banks, which we should remember is that once they start either raising or lowering rates, they keep doing so for a while...they just don't do it once and reverse. In fact, this was the eighth consecutive time that rates were hiked in Swizerland ...6 more and they catch up with Greenspan!
The thing with central banks, which we should remember is that once they start either raising or lowering rates, they keep doing so for a while...they just don't do it once and reverse. In fact, this was the eighth consecutive time that rates were hiked in Swizerland ...6 more and they catch up with Greenspan!