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Swiss Central Bank expects deflation in 2020


Juin, 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.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.