SNB likely to keep the LIBOR target range unchanged
Stardard Chartered Macro Research notes: We expect the Swiss National Bank (SNB) to keep the 3-month LIBOR target range unchanged at -1.25 to -0.25 at its meeting on 19 March. We also expect the SNB to keep the sight dep…
We expect the Swiss National Bank (SNB) to keep the 3-month LIBOR target range unchanged at -1.25 to -0.25 at its meeting on 19 March.
We also expect the SNB to keep the sight deposit rate at -0.75%. The announcement will be followed by a press conference.
The SNB does not always hold press conferences after rate announcements, and we believe that SNB President Jordan will use the press conference to comment further on the new monetary policy framework after the discontinuation of the EUR-CHF peg in January.
The SNB will also present updated macroeconomic forecasts.
We expect a downgrade of the official GDP and inflation forecasts for 2015.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
