SNB brings back zero rates in June monetary policy decision, as expected ...Middle East

forex live - News
SNB brings back zero rates in June monetary policy decision, as expected
Prior 0.25%Prepared to intervene in FX market as neededEconomic outlook for Switzerland remains uncertainGlobal economic outlook for coming quarters has deteriorated due to increased trade tensionsInflationary pressure has decreased compared to the previous quarterWill continue to monitor the situation closely and adjust its monetary policy if necessaryRemains willing to be active in the foreign exchange market as necessary2025 GDP seen at around 1.0% to 1.5% (unchanged)2026 GDP seen at around 1.0% to 1.5% (previously 1.5%)2025 CPI seen at 0.2% (previously 0.4%)2026 CPI seen at 0.5% (previously 0.8%)2027 CPI seen at 0.7% (previously 0.8%)Full statement

The decision is as per expected and the lower inflation forecasts will only serve to intensify the debate on negative rates before year-end. The market is pricing in nearly another rate cut before the year is over and done with. And there's nothing here to dissuade that nor really add to it I would say. USD/CHF remains little changed at 0.8195 and EUR/CHF at 0.9400 on the day.

This article was written by Justin Low at www.forexlive.com.

    Hence then, the article about snb brings back zero rates in june monetary policy decision as expected was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

    Read More Details
    Finally We wish PressBee provided you with enough information of ( SNB brings back zero rates in June monetary policy decision, as expected )

    Apple Storegoogle play

    Last updated :

    Also on site :

    Most viewed in News