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GBP Price Forecast: Sterling Slumps Ahead of BoE, Fed and SNB Meetings

September 16, 2022

Via: DailyFX

Can a ‘Neutral’ SNB Provide Sterling with a Reprieve?

The latest comments from the Swiss National Bank (SNB) appear to be rather balanced ahead of Thursday’s rate setting meeting. SNB Governing Board member Andrea Maechler commented earlier this month that inflation expectations are anchored and stressed the objective of taming inflation while avoiding a recession. This is in contrast with the ECB’s dilemma where recent data has shown a de-anchoring via 2024 inflation expectations which printed above 2%.

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