Prospect of ECB, Fed Rate Rises Could Offer Relief to SNB -- Market Talk

Dow Jones06-04 21:19

1319 GMT - The Swiss National Bank would likely welcome the prospect of the European Central Bank raising interest rates next week and the Federal Reserve signalling it could follow suit, Societe Generale's Kit Juckes says in a note. The ECB could lift rates on June 11 and hint at further tightening, he says. The Fed, which announces its decision on June 17, could endorse expectations for future rate rises. This would offer the SNB some relief by potentially curbing the franc's strength, Juckes says. "It might be too much to hope for, that [the euro and dollar both rise against the franc] at the same time, but the SNB is the only central bank welcoming upward pressure on (everyone else's) interest rates." (renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 09:19 ET (13:19 GMT)

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