• Like
  • Comment
  • Favorite

SNB to Hold Rates, Focus to Center on Forex Intervention Prospects -- Market Talk

Dow Jones03-19 16:12

0812 GMT - The Swiss National Bank announces a decision at 0830 GMT, where focus will center on comments regarding potential intervention in the Swiss franc, given the currency's recent strength, Commerzbank's Michael Pfister says in a note. The SNB is expected to hold rates at 0% amid uncertainty over the Middle East war. "[We] strongly assume that the SNB is currently more concerned about the strong franc than about potential inflation risks," Pfister says. Questions on Thursday will revolve around "whether the SNB will intervene more heavily in the foreign-exchange market in the coming months." However, the SNB could refrain from "clear statements," he says. The euro last trades at 0.9070 francs, having hit a multiyear low of 0.8979 francs on March 9. (jessica.fleetham@wsj.com)

 

(END) Dow Jones Newswires

March 19, 2026 04:12 ET (08:12 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24