Market Updates: Swiss National Bank leaves expansionary monetary policy unchanged - Forex News by FX Leaders

Market Updates: Swiss National Bank leaves expansionary monetary policy unchanged

Posted Thursday, March 21, 2019 by
Arslan Butt • 1 min read

As expected, the Swiss National Bank is keeping its monetary policy dovish, thereby maintaining price developments and supporting economic activity.

SNB Interest Rates

  • Interest on sight deposits with the SNB remains unchanged at –0.75%
  • The target range for the three-month Libor rate was also left unchanged –1.25% and –0.25%.

As per our forecast, the USD/CHF pair is heading north towards our take profit level of $0.9951. Now let’s move the stop loss at breakeven and enjoy the bullish rally.

Good luck!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments