Swiss National Bank only seen raising rates in Q3 2019 – Bloomberg survey

According to the latest Bloomberg survey of economists, the Swiss National Bank (SNB) is seen raising rates, not before Q3 2019.

Key Findings:

The median forecasts show that the SNB is likely to hike the benchmark deposit rate by 25bps to -0.50% in the third quarter 2019.

Besides, other forecasts show that they expect the Swiss economy to expand by 2.1 percent in 2018 – unchanged from the previous survey.

The inflation is likely to accelerate to 1.1% in Q3 versus 0.8% seen in the previous survey.

It’s worth noting that the  Swiss CPI figures  arrived at 1.0% in May, hitting the highest since 2011.