SNB, Interest Rate Decision!
In about 20 minutes (07:30 h GMT), we have an SNB Interest rate decision and Press Conference. Previous key rate is -0,75%! Could we see more cut from Jordan, he said that Swiss Franc is to strong and that it hurts Swiss economy. Let’s see the SNB’s decision!?
>>> Edit: 07:40 h (GMT) – SNB leaves Interest rate unchanged at -0,75%. Jordan says that, the SNB will remain active in FX market to influence monetary conditions and that negative rates will help weaken the Swiss Franc over time!