Created
: 2025.01.28
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
SNB's Schlegel: We can't rule negative interest rates out
World FX news
Breaking news
SNB's Schlegel: We can't rule negative interest rates out
New
2025.01.28 08:35
2025.01.28 08:35
2025.01.28 08:35
Swiss National Bank (SNB) Chairman Martin Schlegel said on Monday that while the central bank does not favor negative interest rates, it cannot completely rule them out, per Reuters.
Key quotes
"The SNB doesn't like negative interest rates, at the same time we can't rule negative interest rates out."
"We have seen that negative interest rates have served their purpose."
"But is not something the SNB would do lightly."
"It is possible that we will be individual months with negative inflation, but that is not a problem."
"Our concept is price stability over the mid term."
Market reaction
At the press time, the USD/CHF pair is up 0.29% on the day to trade at 0.9044.
SNB FAQs
The Swiss National Bank (SNB) is the country's central bank. As an independent central bank, its mandate is to ensure price stability in the medium and long term. To ensure price stability, the SNB aims to maintain appropriate monetary conditions, which are determined by the interest rate level and exchange rates. For the SNB, price stability means a rise in the Swiss Consumer Price Index (CPI) of less than 2% per year.
The Swiss National Bank (SNB) Governing Board decides the appropriate level of its policy rate according to its price stability objective. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame excessive price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Yes. The Swiss National Bank (SNB) has regularly intervened in the foreign exchange market in order to avoid the Swiss Franc (CHF) appreciating too much against other currencies. A strong CHF hurts the competitiveness of the country's powerful export sector. Between 2011 and 2015, the SNB implemented a peg to the Euro to limit the CHF advance against it. The bank intervenes in the market using its hefty foreign exchange reserves, usually by buying foreign currencies such as the US Dollar or the Euro. During episodes of high inflation, particularly due to energy, the SNB refrains from intervening markets as a strong CHF makes energy imports cheaper, cushioning the price shock for Swiss households and businesses.
The SNB meets once a quarter - in March, June, September and December - to conduct its monetary policy assessment. Each of these assessments results in a monetary policy decision and the publication of a medium-term inflation forecast.
Last updated
: 2025.01.28
Related articles
German Retail Sales decline 1.6% in December vs. +0.2% expected
4 minutes agoEUR/JPY Price Forecast: Key downside target emerges near 160.00
14 minutes agoNZD/USD sticks to modest recovery gains below mid-0.5600s, upside seems limited
2025.01.31 15:01USD/CHF holds positive ground near 0.9100, eyes on US PCE release
2025.01.31 15:00BOJ's Ueda: Underlying inflation is still somewhat below 2%
2025.01.31 14:53EUR/GBP breaks below 0.8350 as traders expect more ECB rate cuts
2025.01.31 14:42
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
German Retail Sales decline 1.6% in December vs. +0.2% expected
Retail Sales in Germany declined by 1.6% on a monthly basis in December, Destatis reported on Friday.
New
2025.01.31 16:03EUR/JPY Price Forecast: Key downside target emerges near 160.00
The EUR/JPY cross gains momentum to around 160.75, snapping the two-day losing streak during the early European session on Friday.
New
2025.01.31 15:53WTI rises to near $73.00 due to rising supply concerns following Trump's tariff threats
West Texas Intermediate (WTI) crude Oil price appreciates after two days of losses, trading around $73.00 during Asian market hours on Friday.
New
2025.01.31 15:50NZD/USD sticks to modest recovery gains below mid-0.5600s, upside seems limited
The NZD/USD pair attracts some buyers during the Asian session on Friday and for now, seems to have snapped a three-day losing streak to over a one-week low, around the 0.5620 area touched the previous day.
New
2025.01.31 15:01USD/CHF holds positive ground near 0.9100, eyes on US PCE release
The USD/CHF pair trades with mild gains to near 0.9100 during the early European session on Friday.
New
2025.01.31 15:00BOJ's Ueda: Underlying inflation is still somewhat below 2%
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that underlying inflation is still somewhat below 2%.
New
2025.01.31 14:53EUR/GBP breaks below 0.8350 as traders expect more ECB rate cuts
EUR/GBP offers its recent gains from the previous session, trading around 0.8360 during the Asian hours on Friday.
New
2025.01.31 14:42AUD/JPY holds gains above 96.00, upside seems limited due to Trump's tariff threats
AUD/JPY halts its two days of losses, trading around 96.00 during the Asian hours on Friday.
New
2025.01.31 14:08USD/CAD flat lines below 1.4500, looks to US PCE Price Index for fresh impetus
USD/CAD stalls the overnight pullback from a multi-year peak.
New
2025.01.31 13:55EUR/USD attracts some sellers below 1.0400 ahead of German Retail Sales data
The EUR/USD pair attracts some sellers to around 1.0385 during the Asian trading hours on Friday.
New
2025.01.31 13:38Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
