SNB announces its latest monetary policy decision – 19 September 2019
- Prior -0.75%
- 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 0.7%
- 2021 inflation forecast at 0.6%; previously 1.1%