Home SNB’s Schlegel: Negative interest rates are essential to keep attractiveness of CHF low

SNB’s Schlegel: Negative interest rates are essential to keep attractiveness of CHF low

Published date: 29 Oct. 2019 | 14:07

Martin Schlegel, alternate member of the Governing Board of the Swiss National Bank (SNB), on Tuesday, argued that negative interest rates were essential to keep the attractiveness of the Franc low. “The monetary policy is not the only factor for low interest rates,” Schlegel added, per Reuters. “In real terms, the value of the Swiss Franc is where it was before minimum rate was ended.”

The USD/CHF pair ignored these comments and was last seen moving sideways near 0.9950, where it was up 0.1% on the day.

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.