BREAKING: USDCHF ticks lower after SNB cuts interest rates by 25 bp📉

08:30 AM BST, Switzerland - SNB Interest Rate Decision (Q3) for December:

actual 1.00%; forecast 1.00%; previous 1.25%;

The decision of SNB is in line with the forecast, as the last inflation reading for Switzerland came in lower than expected and frank's trade weighted index has been seeing significant gains over the last month. USDCHF breaks out of its upward climb, experiencing a great deal of volatility after the decision hit the market. SNB has also lowered its entire inflation forecast for the folowing years, with swiss CPI expected to fall below 1% by Q12025.

Source: xStation5

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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.

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BREAKING: USDCHF ticks lower after SNB cuts interest rates by 25 bp📉

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