SNB to keep rates on hold this Thursday – Reuters poll
|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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.