The Bank was widely expected to hold rates unchanged and only flag future tightening, mostly in response to the ECB. Meanwhile a 50bp hike from the record low -0.75% takes them ahead of the ECB (-0.5)
CHF gains, EURCHF dives below 1.03. The pair tested parity after Ukraine invasion but moved upwards partly on a belief that the SNB would lag behind ECB in tightening. With this not being the case now, is the parity back on the table?

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