At its December meeting, the Swiss National Bank (SNB) left its accommodative monetary policy unchanged. More specifically, the SNB maintained the target range for the three-month Libor at between – 1.25% and-0.25% and the interest rate on sight deposits at a record low of – 0.75%. The SNB also reiterated its commitment to intervene in the foreign exchange market if needed, taking into account the “overall currency...
Read More »
The SNB left its monetary policy unchanged, and sees the Swiss franc as highly valued. However, we expect a first rate hike to open in Q4 2018.At its December meeting, the SNB left its accommodative monetary policy unchanged. The interest rate on sight deposits was maintained at a record low of -0.75% and the SNB reiterated its willingness to intervene in the foreign exchange market if needed.The SNB’s monetary policy assessment reflected an improvement in the outlook since its September...
Read More »
Swiss Economicblogs.org
