SNB to test indexing repo transactions to policy rate

Dhwani Mehta FXStreet

The Swiss National Bank (SNB) will test indexing repurchase agreement (repo) transactions to its policy rate in the coming months, the central bank said in a statement on Tuesday.

"Once the test operations have been completed, indexed repo transactions can be used as part of the SNB's monetary policy operations," the central bank said.

Market reaction

USD/CHF was last seen trading at 0.9344, up 0.06% on the day.

USD/CHF Price Analysis: Pullback likely near 0.9310 as bulls seek validation

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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