SNB seen raising rates earlier than previously expected - Bloomberg survey

The latest Bloomberg survey of economists showed that a majority of the respondents now expect the Swiss National Bank (SNB) to raise the interest rates in Q3 2019 versus a Q4 2019 rate hike predicted in the previous survey.

Additional Findings:

“The forecast timing of a second rate hike thereafter remains the same, at Q1 2020.

Other forecasts on growth and inflation were largely left unchanged as Q2 2018 GDP forecast is seen at +0.5% q/q - similar to the prior survey.”