SNB: Swiss franc is highly valued

Reuters reports key highlights from the Swiss National Bank (SNB) monetary policy statement released last minutes.
Will remain active in the FX market as necessary.
Swiss franc is highly valued.
Situation in the FX market is still fragile.
Sees 2018 growth at 2% to 2.5% (previously 2%).
Sees 2018 inflation at 0.9% (unchanged).
Sees 2019 inflation at 0.8% (previously 0.9%).
Sees 2020 inflation at 1.2% (previously 1.6%).
Economic signals for the coming months remain favourable.
Negative rates and SNB's willingness to intervene in FX market remains essential.
Sees inflation rising to 2% in Q2 2021.
Following strong growth in previous quarters, pace expected to slow slightly.
Risks to this positive baseline scenario are more to the downside.
Chief among risks are political uncertainties in some countries as well as potential international tensions and protectionist tendencies.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















