Swiss National Bank
Swiss National Bank Monetary Policy Assessment
SNB is in a War with the Market Sentiment
Starts Tuesday, December 18, 2018 at 17:03
Updated Thursday, December 13, 2018
The Swiss Franc has been one of the the best performing currencies in the last several months. The Swiss National Bank is expected to keep interest rates unchanged at -0.75%, which won't have an impact on the market, so the attention will be on the on the monetary policy assessment and the press conference from Chairman Jordan. The SNB is seen as a safe haven, hence its demand in times when uncertainty is heightened. Since the CHF has gotten a lot of attention from investors recently, the SNB might try to talk it lower with a dovish statement; they're pretty good at it. Traders are aware of this, that's why we saw a wave of selling yesterday ahead of the monetary policy assessment. Please follow us for live coverage of this event and the impact it might have on the currency, by live market analysts.
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About Swiss National Bank Monetary Policy Assessment
The monetary policy assessment is released on a quarterly basis and is the main tool that the Swiss National Bank (SNB) uses to communicate with the public. The interest rate decision is included in the assessment report. The report also includes comments about economic and inflationary projections which affected the rate decision and the monetary policy. Traders try to read between the lines for clues regarding the SNB’s future monetary policy. Volatility is expected during the release of the monetary policy assessment. It is positive for the currency if the assessment is more hawkish than the market is expecting. A press conference follows the report’s release, so the attention tends to shift toward the conference pretty quickly.