The Swiss National Bank kept its policy rate at -0.75%

The Swiss National Bank kept its policy rate at -0.75%

Policymakers added that in the light of the highly valued Swiss franc, the bank is willing to intervene more strongly in the foreign exchange market.

At the same time, policymakers slashed its inflation forecast, due to the significantly weaker growth prospects and lower oil prices.

This year the inflation rate will stay at -0.7%, in 2021 at -0.2% only returning to positive territory in 2022 (0.2%).

Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,10 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 0,25 %
Australia Cash Rate 0,25 %
Canada Overnight Rate Target 0,25 %
All rates
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