Open Demo Account
Home / Market Update / Forex Market / Swiss Central Bank Away from Normal Rates

Swiss Central Bank Away from Normal Rates

M. Ali 14 July, 2020 7:58 pm Forex Market, Market Update

The Swiss National Bank (SNB) will maintain its current negative interest rates, according to its Chairman, Thomas Jordan.

“I fear it will take some time before we get there again,” Jordan said on Tuesday, as quoted by Reuters.

The remarks came during a webinar with the International Monetary Fund (IMF).

The Swiss Franc (CHF) is down by 0.19% against the Euro, while the CHF/USD is currently up by 0.27%.

Tags

Check Also

Canadian Inflation in Focus as Loonie Awaits CPI Clarity Amid Trade Turbulence

The spotlight turns to Canada this Tuesday as Statistics Canada unveils the April Consumer Price …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends