The SNB is going to cut, the Swiss bank says
Credit Suisse in its weekly tactical FX pick to clients:
“Our view is that the SNB will still cut this Thursday, most likely
by 25bp to -1.00bp. Although Draghi did not deliver to market
expectations, our Swiss Economic Research team still believes that it will be
important for the SNB’s credibility to respond to the ECB cut, especially when
domestic data are so weak,” Credit Suisse projects.