<ul><li>18 of 28 economists see a 50 bps rate hike</li><li>9 of 28 economists see a 75 bps rate hike</li></ul><p style=““ class=“text-align-justify“>Some views from UBS and Citi on the upcoming Swiss central bank meeting:</p><p style=““ class=“text-align-justify“>“In our view, the SNB will not know the outcome of the ECB meeting beforehand and may not want to risk the rate differential becoming too wide, also given the ECB could surprise with a larger hike. Also, if in doubt, we think the SNB would rather opt for the more hawkish choice.“ — Felix Huefner, UBS senior European economist</p><p style=““ class=“text-align-justify“>“The slowing economy, falling energy prices but also the shift in emphasis to balance sheet reduction speak against big rate hikes. However, interest rate differentials are already historically wide with fewer meetings available, the SNB has to make bigger steps to keep up. That is why we stick with our call for a 75 bps rate hike to 1.25%.“ — Christian Schulz, Citi economist</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>Just something to keep an eye out for amid the hectic schedule in markets this week. Berlin says that „weapons deliveries are not on the agenda“ though. From earlier:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/is-the-g7-starting-a-quiet-push-for-peace-in-ukraine-virtual-g7-leaders-summit-called-20221212/“ target=“_blank“ rel=“follow“>Is the G7 starting a quiet push for peace in Ukraine? Virtual G7 leaders‘ summit called</a></li></ul>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>This comes amid more tepid sentiment in broader markets, with European stocks keeping slightly lower while US futures aren’t doing much. S&P 500 futures are up 4 points, or 0.1%, as investors have little appetite to go running. Meanwhile, 10-year Treasury yields are down 1.6 bps to 3.55% – not really offering much as well.</p><p style=““ class=“text-align-justify“>The dollar was slightly higher earlier on but is now trading little changed for the most part, sitting more mixed across the board. The technical picture remains unchanged as outlined earlier <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-slightly-firmer-in-a-tense-start-to-the-week-20221212/“ target=“_blank“ rel=“follow“>here</a>. It’s all about the key risk events coming up in the next few days, so this tense period of waiting could very well continue through to tomorrow. Here’s a quick snapshot of dollar pairs at the moment:</p>

This article was written by Justin Low at www.forexlive.com.