SNB leaves policy rate unchanged at -0.75%

Market news

19 September 2019

SNB leaves policy rate unchanged at -0.75%

Willing to intervene and will remain active in FX market as necessary
Expansionary monetary policy continues to be necessary
Trade tensions could further hurt global economic mood
Franc remains highly valued

2019 GDP forecast at 0.5% to 1.0%; previously 1.5%
2019 inflation forecast at 0.4%; previously 0.6%
2020 inflation forecast at 0.2%; previously 0.7%
2021 inflation forecast at 0.6%; previously 1.1%

UK: Retail sales likely to gain 0.2% in August – TD Securities

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

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