SNB’s Martin: Made “absolutely no commitment” to its next course of action
Source Fxstreet
Swiss National Bank (SNB) Vice Chairman Antoine Martin said on Monday that the “SNB had made "absolutely no commitment" to its next course of action.”
Additional quotes
It is not useful for central banks to lock themselves into forward-looking communication.
Between now and the next decision, there may be changes in conditions that render current communication to be invalid.
Everything will depend on conditions when we assess the situation in December.
Expects franc to structurally appreciate over time amid inflation differentials, i.e. low Swiss inflation.
In real terms, franc appreciation has been more limited.
Market reaction
USD/CHF was last seen trading 0.21% higher on the day at 0.8770.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold (XAU/USD) retreats slightly after touching a fresh record high, around the $3,689-3,690 region during the Asian session on Tuesday, amid some repositioning trade ahead of key central bank events.
The Silver price (XAG/USD) tumbles to around $42.05 during the Asian trading hours on Wednesday.
Bitcoin (BTC) could be poised for a price surge following its positive correlation with the S&P 500, as market participants anticipate a 25-basis-point rate cut from the Federal Reserve on Wednesday.
Gold (XAU/USD) attracts some sellers during the Asian session on Wednesday and moves away from the all-time peak, levels just above the $3,700 mark touched the previous day.
The US Federal Reserve is expected to cut the policy rate for the first time in 2025.
Related Instrument
