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SNB to hold rates but could attempt to push back on rising Swiss franc

From xm.com

The Swiss National Bank will hold its quarterly policy meeting on Thursday with the announcement expected at 07:30 GMT. No changes in the Bank’s super low interest rates are being anticipated, but with the Swiss franc appreciating substantially in recent weeks on the back of growing global uncertainties such as trade frictions and Brexit, the SNB could toughen its language on the exchange rate. The Swiss economy grew by a stronger-than-expected 0.6% quarter-on-quarter in the first three months of 2019, benefiting from easing trade tensions and a weaker currency. It represented a marked rebound from the significant ... (full story)

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  • Category: Fundamental Analysis