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19 Mar 2014
Flash: SNB may not include many surprises - RBS
FXStreet (Guatemala) - Analysts at RBS suggested that the SNB meeting is not expected to include many surprises.
Key Quotes:
“With the CHF just off 2014 highs vs. the EUR amid rising geopolitical tension, we anticipate the SNB will reiterate its commitment to maintaining the 1.20 floor”.
“The SNB's currency reserves are unchanged since late 2012”.
“The statement may cite the improvement in Euro-area growth momentum as a positive development but it will likely still note the uncertainty around the growth outlook remains high”.
Key Quotes:
“With the CHF just off 2014 highs vs. the EUR amid rising geopolitical tension, we anticipate the SNB will reiterate its commitment to maintaining the 1.20 floor”.
“The SNB's currency reserves are unchanged since late 2012”.
“The statement may cite the improvement in Euro-area growth momentum as a positive development but it will likely still note the uncertainty around the growth outlook remains high”.