#EURCHF @ 0.96873 SNB to guide to 0.90 next year – ING
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The Swiss National Bank (SNB) is set to drive the EUR/CHF lower. Therefore, economists at ING expect the pair to plunge towards 0.90 in 2023.
“We still think the SNB is running a kind of monetary conditions framework, using both policy rates and the trade-weighted Swiss franc to tighten conditions.”
“With inflation among trading partners running 5-6% above Switzerland, the SNB will want a weaker EUR/CHF to keep the real franc stable. If we’re right, the SNB could be guiding EUR/CHF to 0.90 next year.”
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