SNB to keep rates on hold this Thursday – Reuters poll

Dhwani Mehta FXStreet

According to the latest Reuters poll of 40 economists, the Swiss National Bank (SNB) is expected leave the benchmark interest rates unchanged when it announces its quarterly monetary policy assessment on Thursday.

Key Findings:

40 said the SNB will keep rates on hold.

SNB would stick with a target range of minus 1.25 percent to minus 0.25 percent for the three months London Interbank Offered Rate, as it has for the last three-and-a-half years.

A negative interest rate of 0.75 percent on sight deposits held by commercial banks over a certain value - one of the tools used by the SNB to stem demand for the franc - is also expected to be retained.

Earliest change to the LIBOR target range was expected to come towards the end of this year, the view of UBS, while the median consensus was for the tail end of 2019.

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.

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