Live Updates > Live Update Details
2026-11-04 17:50:28
[ING: Swiss Inflation Exceeds Expectations, Swiss Franc Demand Rises] ⑴ ING stated that the euro fell sharply against the Swiss franc yesterday as Swiss inflation rose 1.5% year-on-year in October, exceeding expectations. ⑵ This raised market questions about whether the Swiss National Bank (SNB) can avoid tightening policy throughout 2027, as sources have indicated. ⑶ SNB President Schlegel will speak at a conference of SNB observers tomorrow, and the market should hear more related statements. ⑷ The bank believes that the SNB's more hawkish stance is a clear positive for the Swiss franc, and traders will remember that in 2023, the SNB actively promoted a stronger franc and used foreign exchange intervention as one of its tightening tools. ⑸ The bank expects market interest in the Swiss franc to rise further in the coming months, and forecasts downside risks for the euro/Swiss franc exchange rate.
