Economic News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Swiss Central Bank expects deflation in 2020

Thu Jun 18, 2020
watermark Economic news

A meeting of the Central Bank of Switzerland took place today, at which the regulator announced that he did not intend to change his super-soft monetary policy. Therefore, the refinancing rate remained the same: -0.75 percent. This decision coincided with the expectations of analysts. The regulator also noted that he expects deflation this year at 0.7%.


In addition, the Central Bank said that it was still ready to strengthen interventions in the foreign exchange market to curb the «highly regarded» Swiss franc.


Top Top