Swiss National Bank Cuts Interest Rates

Swiss franc appreciation in forex trading one reason for 50 point cutThe Swiss National Bank has cut its interest rate in an effort to remain proactive in terms of the economy at this time. The 50-point basis cut was made for two main reasons, reports Counting Pips:

1. Growth in Switzerland is likely to slow, and the rate cut should stimulate growth.
2. With oil declining and the Swiss franc gaining in forex trading on the currency market, inflation is not seen as a big threat.

The Swiss franc is expected to gain in forex trading, as it is considered a safe haven currency.

See Also

• Swiss Franc in Forex Trading
  Trading on the currency market

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