The Swiss National Bank (SNB) has room to cut interest rates further if necessary but -0.75% is seen as the right level currently, SNB Chairman Thomas Jordan said on Wednesday. Key quotes “Will continue the policy as necessary, can continue enlarging balance sheet so long as benefits outweigh costs.” “Swiss franc is highly valued.” “We have no intention to buy or sell gold, but that can change over time.” Market reaction The USD/CHF pair rose above 0.9700 with the initial reaction but retreated slightly. As of writing, the pair was up 0.42% on the day at 0.9695. 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 EUR/USD loses upside momentum near 1.1030 FX Street 3 years The Swiss National Bank (SNB) has room to cut interest rates further if necessary but -0.75% is seen as the right level currently, SNB Chairman Thomas Jordan said on Wednesday. Key quotes "Will continue the policy as necessary, can continue enlarging balance sheet so long as benefits outweigh costs." "Swiss franc is highly valued." "We have no intention to buy or sell gold, but that can change over time." Market reaction The USD/CHF pair rose above 0.9700 with the initial reaction but retreated slightly. As of writing, the pair was up 0.42% on the day at 0.9695. 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.
