Some say that this upcoming SNB decision could be one of those big movers, as the central bank might be ready to follow the ECB’s footsteps just to hold on to their EUR/CHF peg. Do you think they’ll just jawbone or actually intervene?
I have no idea, I don’t follow the Swiss Bank as much as I should. I can’t say I disagree with the thought process. My two big questions would be would the SNB be ready to follow the EBC into uncharted territory of a negative deposit rate so soon. My other question although somewhat unrelated would be, in the event of a rate cut, would there be spill over into the EUR?