The latest Bloomberg survey of economists showed that a majority of the respondents now expect the Swiss National Bank (SNB) to raise the interest rates in Q3 2019 versus a Q4 2019 rate hike predicted in the previous survey.
Additional Findings:
“The forecast timing of a second rate hike thereafter remains the same, at Q1 2020.
Other forecasts on growth and inflation were largely left unchanged as Q2 2018 GDP forecast is seen at +0.5% q/q – similar to the prior survey.”
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