-
SNB leaves expansionary monetary policy unchanged and adjusts basis for calculating negative interest on sight deposits at SNB
The Swiss National Bank is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%. It remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration. Furthermore, the National Bank is adjusting the basis for calculating negative interest on sight deposits at the SNB. The expansionary monetary policy continues to be necessary given the latest international developments and the inflation outlook in Switzerland. The situation on the foreign exchange market is still fragile, and the Swiss franc has appreciated in ... (full story)
-
SNB: THE NATIONAL BANK IS ADJUSTING THE BASIS FOR CALCULATING NEGATIVE INTEREST ON SIGHT DEPOSITS AT THE SNB
— First Squawk (@FirstSquawk) September 19, 2019
-REMAINS WILLING TO INTERVENE IN THE FOREIGN EXCHANGE MARKET AS NECESSARY, WHILE TAKING THE OVERALL CURRENCY SITUATION INTO CONSIDERATION.
-
#SNB Keeps ready to intervene in the #FX markets.
— ForexFlow (@forexflowlive) September 19, 2019
Imbalances persist on the mortgage and real estate mkts.
Sees 2019 growth at 0.5 to 1.% vs June 1.5% forecast.
Sees 2019 #CPI at 0.4%(0.6% prior), 2020 at 0.2% (0.7 prior), 2021 at 0.6% (from 1.1% prior).
-
SNB surprise: adjusting the exemption threshold for negative rate, to be updated monthly, "taking into account the fact that the low interest rate environment around the world has recently become more entrenched and could persist for some time yet". https://t.co/B10NNVXZWI pic.twitter.com/vVOd09ndtF
— Frederik Ducrozet (@fwred) September 19, 2019
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 19, 2019 3:37am Sep 19, 2019 3:37am
- Guest
- | IP XXX.XXX.113.82
- Comment #2
- Quote
- Sep 19, 2019 3:59am Sep 19, 2019 3:59am
- Guest
- | IP XX.XX.14.216
- Comment #3
- Quote
- Sep 19, 2019 4:17am Sep 19, 2019 4:17am
- Goldorak06
- | Additional Username | Joined Jan 2018 | 290 Comments
- View Comment
- Hidden for breach of Trader Code of Conduct
- corpo30