SNB leaves policy rate unchanged at -0.75%

Market news

19 March 2020

SNB leaves policy rate unchanged at -0.75%

Swiss financial system has sufficient liquidity
To intervene more strongly in the FX market to stabilise the situation
Swiss franc is even more highly valued
Will take additional steps to ensure liquidity as necessary
Examining whether or not to relax the countercyclical buffer

USD/CNH now targets the 7.1700 region – UOB

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

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