DISCLAIMER

Our systems have detected that you are using a computer with an IP address located in the USA.
If you are currently not located in the USA, please click “Continue” in order to access our Website.

Local restrictions - provision of cross-border services

Swissquote Bank Ltd (“Swissquote”) is a bank licensed in Switzerland under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). Swissquote is not authorized as a bank or broker by any US authority (such as the CFTC or SEC) neither is it authorized to disseminate offering and solicitation materials for offshore sales of securities and investment services, to make financial promotion or conduct investment or banking activity in the USA whatsoever.

This website may however contain information about services and products that may be considered by US authorities as an invitation or inducement to engage in investment activity having an effect in the USA.

By clicking “Continue”, you confirm that you have read and understood this legal information and that you access the website on your own initiative and without any solicitation from Swissquote.

Research Market strategy
by Swissquote Analysts
Daily Market Brief

Swiss negative rates will remain

1

Swiss negative rates will remain

By Vincent Mivelaz

The Swiss economy remains robust and Swiss companies are optimistic, with order backlogs, stable employment and high capacity utilization. Inflation was quiet in January, with headline consumer prices +0.60% and -0.30% in yearly and monthly terms. Overall prices advanced 0.50% annually (prior: 0.30%), the highest jump since August 2018. Currently trading at 1.0027, USD/CHF is expected to head along 1.0030 short-term. We don’t see the Swiss National Bank putting an end to its negative interest rate policy for a while.

Indeed, the Swiss economy remains resilient while its main client, the EU, is facing severe downgrades in growth outlook. Italy’s central bank, for instance, recently slashed its GDP forecast for 2019 from 1% to 0.60%. The announcement caused the revolt of Italy’s coalition government, including leaders from Lega and Five Star Matteo Salvini and Luigi Di Maio, who condemned the statement and threatened to remove the bank’s independence.

 
在線聊天