The Swiss National Bank policy announcement is due at 0830GMT on Wednesday December 10
Barclays say the SNB is likely to leave policy on hold
Following the ECB’s policy under-delivery, we now expect no change in
SNB policy. When we originally proposed that the SNB would remove the
exemption from negative deposit rates for the majority of domestic
banks’ sight deposits – its "nuclear" option – it was conditional on the
ECB taking aggressive action that would increase downside pressure on
EURCHF
Barclays now expect the SNB to take a "wait and see" approach to accompanyto the "less aggressive" ECB