Market Updates: Swiss National Bank leaves expansionary monetary policy unchanged
The Swiss National Bank is keeping its dovish monetary policy, thereby maintaining price developments and supporting economic activity.
•
Last updated: Thursday, March 21, 2019
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
- Open a FREE Trading Account
- Read our latest reviews on: Avatrade, Exness, HFM and XM
ABOUT THE AUTHOR
See More
Arslan Butt
Index & Commodity Analyst
improve security
Related Articles
Sidebar rates
Related Posts
SaveAdd 3440
