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No Surprises From SNB Decision, CHF Remains "Highly Valued"

SNB

The SNB keeps policy rates unchanged, as expected, with their policy assessment retaining the key elements from the June release.


Key takeaways:

  • Remains willing to intervene in the foreign exchange market as necessary
  • The Swiss franc remains highly valued
  • Conditional inflation forecast for 2021 and 2022 is slightly higher than in June
  • In the longer term, the inflation forecast is virtually unchanged compared with June
Full release here: https://www.snb.ch/en/mmr/reference/pre_20210923/source/pre_20210923.en.pdf

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