SNB: Will remain active in FX market as necessary

Haresh Menghani FXStreet

Here are some of the key highlight from the Swiss National Bank (SNB) quarterly monetary policy assessment:

It remains willing to intervene more strongly in the FX market in light of the highly valued CHF.
Coronavirus pandemic has led to a severe downturn in economic activity.
Sees inflation this year at -0.7%, -0.2% in 2021 and +0.2% in 2022.
The overall GDP is likely to contract by 6% this year.
Inflation and growth forecasts are subject to unusually high uncertainty.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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