trending Market Intelligence /marketintelligence/en/news-insights/trending/chDJgtAJ_FfXwOuEUtkd1g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Swiss central bank keeps rate on hold, trims inflation forecasts

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Swiss central bank keeps rate on hold, trims inflation forecasts

The Swiss central bank kept its negative interest rate unchanged and trimmed its inflation forecasts, while reiterating willingness to act to stem the currency's appreciation.

Schweizerische Nationalbank maintained the policy rate at negative 0.75%, in line with an Econoday poll.

The central bank said an expansionary monetary policy continued to be necessary given the country's inflation outlook.

Inflation is projected to slow to 0.1% in 2020 from the central bank's September forecast of 0.2%. For 2021, expected inflation was trimmed to 0.5% from 0.6% previously.

The Swiss economy is estimated to grow by about 1% this year, compared with a previous growth projection of 0.5% to 1.0%. The central bank expects growth of between 1.5% and 2% in 2020.

The central bank continued to assess the Swiss franc as "highly valued," noting that it will intervene in the foreign exchange market if needed.

The Swiss franc was up 0.10% versus the euro as of 4:37 a.m. ET. Year-to-date, it has appreciated 3.1% versus the currency.