Monitor SZ SNB Policy Rate, the key to CHF valuation, pivotal in Forex markets since Jun 2019.
Short-term interest rates are crucial in determining currency value, as traders often analyze other indicators primarily to forecast future rate changes. This rate serves as the main operating target for the SNB, and market expectations typically incorporate this decision, making it less prominent than the Monetary Policy Assessment, which indicates future directions. This source was first published in June 2019.
What it Measures
The interest rate that the SNB aims to sustain in the short-term money market.
Usual Effect
When the actual rate is higher than the forecast, it is considered favorable for the currency.
Source & Frequency
Swiss National Bank (latest release) - https://www.snb.ch/en/ • This assessment is conducted quarterly.
How Data is Derived
SNB Governing Board members come to a consensus on where to set the policy rate
Also Known As
Interest Rates
Acronym
Swiss National Bank (SNB)