SNB: Policy Rate -0.75% (prev. -0.75%); CHF classified as ‘Highly Valued’ (prev. ‘Highly Valued’); reiterates line on FX intervention
Important
SourceNewsquawk
SectionSNB
- Reiterates “Remains willing to intervene in the foreign exchange market as necessary”
- Reiterates “Mortgage lending and residential property prices have risen strongly in recent quarters. Overall, the vulnerability of the mortgage and real estate markets has increased further. The SNB regularly reassesses the need for the countercyclical capital buffer to be reactivated.”
- In its baseline scenario for the global economy, the SNB assumes that extensive containment measures will not have to be introduced again, this despite the adverse developments regarding the pandemic at present.
Via SNB
