As stated by the head of the SNB T. Jordan, commenting on the results of the Swiss central bank's monetary policy meeting: At the moment, the course of the expansionary monetary policy of the central bank is correct and there is no reason to change it.
The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate, reported at -0.75%. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook.
The Swiss Unemployment Rate for August was reported at 2.7% and the Seasonally Adjusted Unemployment Rate at 2.9%. Economists predicted a rate of 2.8% and 3.0%. Forex traders can compare this to the Swiss Unemployment Rate for July, reported at 2.8%, and the Seasonally Adjusted Unemployment Rate, reported at 3.0%.
RBNZ seeks to tighten mortgage lending rules ahead of rate decision.