SNB Monetary Policy Assessment: Swiss franc remains highly valued

Market news

21 March 2019

SNB Monetary Policy Assessment: Swiss franc remains highly valued

Situation of FX market continues to be fragile
Prepared to intervene in markets if needed
Central bank makes downward revision to its growth outlook for advanced economies
Global risks are still to the downside
2019 GDP growth forecast seen at 1.5% (unchanged)
2019 inflation forecast seen at 0.3% (down from 0.5% in December)
2020 inflation forecast seen at 0.6% (down from 1.0% in December)
2021 inflation seen at 1.2%

Britain says EU could hold emergency summit to offer conditional Brexit extension

Switzerland: SNB Interest Rate Decision, -0.75% (forecast -0.75%)

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