OctaFX | OctaFX Forex Broker
Open trading account
Back

SNB's Moser: SNB open to negative interest rates

FXStreet (Łódź) - SNB Governing Board member Thomas Moser told WSJ reporters on Wednesday that the central bank considered introducing negative interest rates if a need for defending its minimum exchange rate arose.

"We always said we would use it if needed," he stressed.

The SNB policymaker refused to say whether this could happen as soon as at the upcoming monetary policy meeting next week.

EUR/CHF jumped to 1.2106 on the news.

USD/CHF jumps to test 1-year highs

Following news that the SNB may be opened to negative rates, the USD/CHF jumped around 60 pips from 0.9325 to test 1-year highs at 0.9385 where the pair found some selling interest.
Read more Previous

EUR/USD slips below 1.2900 after SNB reports

EUR/USD has come under renewed pressure sliding back below the 1.2900 level amid reports saying the Swiss National Bank is open to negative interest rates.
Read more Next
Start livechat