Market Updates: Swiss National Bank leaves expansionary monetary policy unchanged

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!

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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