The decision on the interest rates depends mainly on the growth and inflation prospects. The main goal of the Central Bank is to achieve price stability. High interest rates attract foreigners who are looking for the best “risk-free” income for their own money, which can dramatically increase the demand for the country’s currency. The data above the forecast strengthen the CHF, and the data below the forecast put pressure on the national currency. The key interest rate is expected to remain at the same level of –0.75%.
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