SNB pledges to remain active in FX market

16 June 2016, 10:10
Sherif Hasan

Swiss National Bank statement following the rate hold decision 16 June 2016

  • franc significantly overvalued
  • Brexit concerns causing uncertainty and may increase

Here ya go. As per printed programme.

  • expects moderate growth in global economy to sustain over the coming quarters
  • indicators suggest recovery will be on going
  • inflation to rise faster than previously forecast
  • GDP 2016 1-1.5% unchanged

Full SNB release here.

Earlier they published their Financial Stability Report.

USDCHF 0.9603 EURCHF 1.0828 both unchanged by the expected news/rhetoric

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