SNB leaves rates unchanged at -0.75%

  
  Analysis
  • SNB will remain active in FX markets as necessary
  • Prior -0.75%
  • Sight deposit interest rate unchanged at -0.75
  • Sees 2021 inflation at 0.6% (previously 0.5%)
  • Sees 2022 inflation at 1.0% (previously 0.7%)
  • Sees 2023 inflation at 0.6% (previously 0.6%)
  • You can read the full statement here

The question today was. ‘will the SNB’ stay cool on the rising CHF. The answer is yes. Pretty much the same

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