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Swiss Central Bank expects deflation in 2020

June, 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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.