SNB: Negative rates, intervention pledge remain essential
Reuters reports the main headlines from the SNB monetary policy statement:
Will remain active in the FX market as necessary
Swiss franc is still highly valued
The situation in FX market continues to be fragile
Negative rates, intervention pledge remain essential.
Sees 2018 GDP at about 2.5%, 2019 GDP at about 1.5%.
Sees 2018 inflation at 0.9%, 2019 inflation at 0.5%, 2020 inflation at 1.0%.
Risks to Swiss and global growth are on the downside.
Protectionism and political uncertainties among those risks.