CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: SNB hikes rates by 75 basis points

08:34 22 September 2022

The Swiss National Bank announced its monetary policy decision at 8:30 am BST. SNB delivered a 75 basis point rate hike - in-line with market expectations. This means that the main Swiss rate moved out of the negative territory and now sits at 0.50%. SNB warned that it cannot exclude more rate hikes in the foreseeable future. Bank expects inflation to slow to 2.4% in 2023 and return to 2% in the second quarter of 2025.

In spite of a rather hawkish decision, Swiss franc took a hit. EURCHF leaped higher and tested 0.9580 resistance zone, marked with previous price reactions and 50-hour moving average (green line).

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Source: xStation5

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