Highlights of the Swiss National Bank's monetary policy statement

14 Sep 2017 10:57 AM

The Swiss National Bank (SNB) decided to keep interest rates unchanged at -0.75% at its meeting today. The following are the highlights of the monetary policy statement:

  • The Swiss franc depreciated, but its value remains high.
  • The situation in the foreign exchange market remains fragile.
  • The Swiss National Bank will remain active in the foreign exchange market.
  • Negative interest rates as well as a willingness to intervene in the FX market will remain necessary factors to reduce the attractiveness of CHF investments.
  • Continue to monitor the situation in the mortgage markets and property markets.
  • The imbalances in mortgage and property markets persist.

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only