Swiss National Bank policy remains unchanged

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On March 24, the Swiss National Bank issued its Monetary Policy Assessment and revealed Policy Rate. In general, monetary easing is set to continue, as the rate remains at -0.75%. Moreover, the bank has clearly stated that it is going to get involved in the Forex markets and will push the Swiss Franc down.

Quoting the statement: "The SNB is retaining its expansionary monetary policy. It is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75% and is willing to intervene in the foreign exchange market as necessary, in order to counter upward pressure on the Swiss franc. In so doing, it takes the overall currency situation and the inflation rate differential with other countries into consideration.

The Swiss franc remains highly valued. Russia's invasion of Ukraine has led to a strong increase in uncertainty worldwide. Against this backdrop, the SNB with its monetary policy is ensuring price stability and supporting the Swiss economy."

Released Document

Monetary policy assessment of 24 March 2022

The USD/CHF reacted to the announcement with a minor decline of 15 base points over a period of 15 minutes. However, afterwards, during the next 15 minutes the rate recovered 22 points, before returning to pre-announcement levels.

On a larger scale, the rate has been surging in a channel up pattern since May 2021. Most recently, the pair approached the upper trend line of the pattern and the 2021 high level. However, a decline started, before these levels were properly reached.

Initial Reaction

Larger scale situation

Back to articles

Actual Topics

Fri, 25 Mar 2022 13:29:20 GMT

28.03.-01.04. US Employment in Focus

There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US employment datasets. The week's notable publications will start on Wednesday at 13:15 GMT, as the ADP Non-Farm Employment Change is set to be published. Also on Wednesday, at 13:30 GMT, the US Final GDP might cause minor

Thu, 17 Mar 2022 15:36:33 GMT

21.03.-25.03. UK CPI and Swiss Policy Rate

The top events during the week will be the UK CPI, the German PMIs and the Swiss National Bank Policy Rate and Monetary Policy Assessment release. On Wednesday, the weeks notable events will start at 07:00 GMT, as the UK Consumer Price Index is set to be published. Later on, on the same day, note the US weekly crude oil inventory

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.