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SNB raises policy rate by 25 bps to 1.75%, as expected

Prior 1.50%Rate hike is to counter inflation, which has increased again over the medium-termAdditional rate hikes cannot be ruled out to ensure price stabilityIn the current environment, the focus is on selling foreign currencyWill remain active in the FX market as necessarySees 2023 inflation at 2.2% (previously 2.6%)Sees 2024 inflation at 2.2% (previously 2.0%)Full statement This article was written by Justin Low at www.forexlive.com... Read More

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Content Topics

Raises

Policy

Rate

75 Expected

1 75

Forex

Posted: Jun 22 2023, 07:30

Author Name: forexlive

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