Swiss National Bank
Swiss National Bank Monetary Policy Assessment
Watch Out for the SNB Trying to Talk the CHF Down
Starts Thursday, June 13, 2019 at 08:00
Updated Wednesday, June 5, 2019
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. The CHF got a lot of attention from investors during the end of last year, but it stabilized against the Euro in later. But the SNB has been strengthening again in recent weeks since the market sentiment has deteriorated, as a safe haven. So, the SNB will try to talk the CHF down today. Please follow us for live coverage of this event 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.