Analysts at Nomura are out with a brief preview of the Swiss National Bank’s (SNB) quarterly monetary policy assessment, with the interest rates decision due to be announced at 0730 GMT. Key Quotes: “The ECB’s new forward guidance on rates means that the SNB is unlikely to move policy any time soon, with 2020 the most likely timing, in our opinion. Near-term CPI forecasts could be revised higher, but the recent market developments on balance could see a softer growth outlook and revisions lower in the long term. ECB dovishness, Italian politics and a softening in global growth indicators would advise caution from the SNB. The commitment to the two pillars of low-interest rates and the willingness to intervene in the FX market should remain. Given the SNB will be one of the last movers in normalizing monetary policy, the risk-reward remains to trade EUR/CHF to the topside unless a broad-based market risk-off materializes again.” 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 BOE to shy away from comments about market expectations of future rate hikes – TDS FX Street 3 years Analysts at Nomura are out with a brief preview of the Swiss National Bank's (SNB) quarterly monetary policy assessment, with the interest rates decision due to be announced at 0730 GMT. Key Quotes: "The ECB's new forward guidance on rates means that the SNB is unlikely to move policy any time soon, with 2020 the most likely timing, in our opinion. Near-term CPI forecasts could be revised higher, but the recent market developments on balance could see a softer growth outlook and revisions lower in the long term. ECB dovishness, Italian politics and a softening in global growth indicators would… 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.
