At its quarterly monetary policy assessment on September 21, the Swiss National Bank (SNB) kept the benchmark Sight Deposit Rate on hold at 1.75% . T
assessment on September 21, the Swiss National Bank kept the benchmark Sight Deposit Rate on hold at 1.75%.Summary of the statement
From today’s perspective, it cannot be ruled out that a further tightening of monetary policy may become necessary to ensure price stability over the medium term.Will remain active in foreign exchange markets as necessary.To provide appropriate monetary conditions, the SNB is also willing to be active in the foreignexchange market as necessary.In the current environment, the focus is on selling foreign currency.Inflation has declined further in recent months, and stood at 1.6% in August.
In the medium term, the new forecast issomewhat below that of June, mainly due to the economic slowdown and slightly lowerinflationary pressure from abroadThe growth outlook for the global economy in the coming quarters remains subdued.
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