Market Focus

On Thursday, March 15, 2018, the strongest news is the decision of the Swiss National Bank on the interest rate. The interest rate of the central bank is the main instrument for regulating the level of inflation in the country, which has a significant impact on the exchange rate of the national currency.

According to the forecast, the Swiss National Bank will keep the discount rate at the level of -0.75%, which is the lowest value of this indicator among all central banks of the developed countries of the world. It is worth noting that the discount rate of the Swiss National Bank remains at a level of -0.75% for more than 3 years, which indicates the need for ultra soft monetary policy. If the data will be released within the forecast, the Swiss franc may be under some pressure, against this background the reduction within 40 points against competitors is possible.

Alexander Sivtsov