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SNB unchanged on rates as expected, leaving.....>

SNB
SNB: SNB unchanged on rates as expected, leaving both key policy rates at
-0.75%. 
- Full statement here:
https://www.snb.ch/en/mmr/reference/pre_20200618/source/pre_20200618.en.pdf
Key takeaways:
- The new conditional inflation forecast is lower than in March.
- In its baseline scenario for the global economy, the SNB anticipates that
further waves of infection will be successfully prevented.
- The decline in GDP is likely to be even stronger in the second quarter.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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