9:30 - Swiss National Bank (SNB) Rates decision:
SNB decided to maintain the current level of rates of 0%, which was in line with market expectations.
Additionally, bank has communicated that they are prepared to intervene in order to maintain the target exchange rate.
It was also shown that a inflation is projected to steadily increase in the coming years, up to 0,6% in 2027.
Economic (GDP) growth is projected to maintain a steady ~1%
Market reaction remains muted due to decision being in line with expectations. However, admitting a potential necessity to defend the exchange has put a minor pressure onto the CHF.
USDCHF (M1)
Source: xStation5
Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide
US grains surge on commodity fund buying 📈 Wheat up 1.5%
Oil dips below $60 amid EIA report🚨Is a sell-off coming?
Bitcoin dips to $91K despite strong ETF inflows 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
