The Swiss National Bank (SNB) announced its latest monetary policy decision this Thursday and left its sight deposit interest rate unchanged at -0.75%. The decision came as no surprise. The prospect of further falls in the franc should allow the Bank to largely stay out of the FX market, but the policy rate will remain rooted at a record low of -0.75% for the foreseeable future, as reported by Capital Economics. Key quotes “The stage is set for further inaction by the SNB over the coming years. SNB Chairman Thomas Jordan couldn’t have been any clearer in saying that there is ‘no signalling at all for a change to monetary policy’. Given the importance that the SNB attaches to maintaining the interest rate differential with the ECB, we expect it to leave its policy rate on hold at -0.75% for the foreseeable future.” “Although the SNB would intervene to counter any sudden increases in the franc, we expect a further rise in risk sentiment to relieve pressure on the currency franc and allow the Bank to largely stay out of the FX market.” “We now expect the Swiss franc to fall to CHF 1.12 per euro by year-end (previously CHF 1.10) and to CHF 1.14 (previously CHF 1.12) by the end of 2022.” FX Street 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 Post By FX Street FXStreet News share Read Next VeChain Price Prediction: VET bulls have two support levels to defend to avoid 30% correction FX Street 8 months The Swiss National Bank (SNB) announced its latest monetary policy decision this Thursday and left its sight deposit interest rate unchanged at -0.75%. The decision came as no surprise. The prospect of further falls in the franc should allow the Bank to largely stay out of the FX market, but the policy rate will remain rooted at a record low of -0.75% for the foreseeable future, as reported by Capital Economics. Key quotes "The stage is set for further inaction by the SNB over the coming years. SNB Chairman Thomas Jordan couldn't have been any clearer in saying that there… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
