Charlotte de Montpellier, Economist at ING, explains that the Swiss National Bank has maintained an ultra-loose monetary policy stance and still believes the Swiss Franc is “highly valued”. Key Quotes “It highlighted the recent appreciation of the Swiss Franc and believes the situation in the foreign exchange market is still fragile. Indeed, worries in emerging countries, discussions on the Italian budget and uncertainties surrounding Brexit have pushed the Swiss Franc, a currency considered to be a safe-haven, sharply higher against the euro.” “At its September meeting, the SNB revised downwards its conditional inflation forecast (i.e. if monetary policy remains the same) for 2019 and 2020, signalling a dovish stance. It probably means that monetary policy will remain very accommodative in the coming years and much longer than previously expected.” “We don’t expect any rate hike before the ECB starts raising its own rates. Given that the ECB is not expecting to hike before the end of the summer of 2019, we think the SNB won’t hike interest rates before December 2019. Moreover, given the increased risk environment expected for next year, it is even possible that the first rate increase will be postponed to 2020.” 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 ECB’s Knot: Will start discussing timing of interest rates in January FX Street 4 years Charlotte de Montpellier, Economist at ING, explains that the Swiss National Bank has maintained an ultra-loose monetary policy stance and still believes the Swiss Franc is "highly valued". Key Quotes "It highlighted the recent appreciation of the Swiss Franc and believes the situation in the foreign exchange market is still fragile. Indeed, worries in emerging countries, discussions on the Italian budget and uncertainties surrounding Brexit have pushed the Swiss Franc, a currency considered to be a safe-haven, sharply higher against the euro." "At its September meeting, the SNB revised downwards its conditional inflation forecast (i.e. if monetary policy remains… Regulated 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.
