Tag Archives: 4.) Forex Live Based

SNB announces its latest monetary policy decision – 19 September 2019 Sight deposits rate unchanged at -0.75% Willing to intervene and will remain active in FX market as necessary Expansionary monetary policy continues to be necessary Trade tensions could further hurt global economic mood Franc remains highly valued 2019 GDP forecast at 0.5% to 1.0%; previously 1.5% 2019 inflation forecast at 0.4%; previously 0.6% 2020 inflation forecast at 0.2%; previously...

The SNB meeting is on Thursday The Swiss National Bank needs to respond to the strong currency and lower rates from the ECB, according to Morgan Stanley. The consensus for Thursday’s meeting is no change from -0.75% but Morgan Stanley and UBS are two firms that are forecasting a surprise 25 bps cut. “What’s motivating the SNB to ease policy is inflation,” economists write in a note today. “It’s low and uncomfortably close to zero, despite loose monetary policy and a...

A note from Standard Chartered on the Swiss National Bank and the Swiss franc.  The SNB monetary policy meeting is next week, September 19. In brief, Stan Chart argue the franc is not strong in real terms adjusting EUR/CHF for inflation leaves CHF around 10% weaker than (non-adjusted) current spot no need for SNB to intervene to try to weaken it therefore the SNB is not likely to cut rates at their meeting, nor intervene in forex markets in the near term EUR/CHF...