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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland SNB Interest Rate Decison held to -0.75% in June 2020
FMPMonthlyReleased June 2020
Switzerland SNB Interest Rate Decison held to -0.75% in June 2020. The reading matched the -0.75% consensus. SNB Interest Rate Decison is now the lowest in 88 months.
Latest Release
-0.75
Actual
-0.75
Consensus
-0.75
Previous
Median Absolute Error
±0 percentage points
across last 12 releases
Last Call
Jun 2020
Predicted: -0.75
Actual: -0.75
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
SNB Interest Rate Decison (Switzerland) was reported at -0.75% in June 2020. This matched the market consensus of -0.75% exactly. The reading was unchanged from the previous release. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -0.75%, unchanged from the prior three.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 18) and SNB Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2020.
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SNB Interest Rate Decison - CH
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About SNB Interest Rate Decison — Switzerland
DEFINITION
The SNB Interest Rate Decision is a key financial indicator that reflects the monetary policy decisions of the Swiss National Bank (SNB). This decision, made by the SNB's governing board, determines the target range for the Swiss interest rate, which has a significant impact on the country's economy and financial markets. The SNB Interest Rate Decision is closely monitored by investors, businesses, and policymakers as it provides insights into the SNB's stance on inflation, economic growth, and currency stability.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2020): actual -0.75 %, consensus -0.75 %. Prior reading (Mar 2020): -0.75 %. Before that (Dec 2019): -0.75 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.