The Swiss National Bank is in charge of determining interest rates in Switzerland. The policy rate of the SNB serves as the official interest rate. The Swiss National Bank (SNB) strives to keep the secured short-term Swiss franc money market rates as close as possible to the policy rate. SARON is the most reflective of these rates in the current market environment. On June 13, 2019, the Swiss National Bank's policy rate took the place of the target range for the three-month Swiss franc Libor (London Interbank Offered Rate), which had been employed in the SNB's monetary policy approach until that point. It was necessary to make this change because, as a result of the absence of underlying money market transactions, the Libor was becoming less relevant as the most important reference rate in financial markets. From September 6, 2011, until January 15, 2015, the SNB's minimum exchange rate of CHF 1.20 per euro, which was in effect during this time period, was the primary focus of implementation. On December 18, 2014, the SNB decided to impose a negative interest rate of -0.25% on the balances of sight deposit accounts. With the introduction of a negative interest rate, the Libor target range employed at the time was pushed into negative territory for the first time, and its width was increased to its regular width of 1% point. A reduction in the interest rate on sight deposits was implemented on January 15, 2015, and the goal range was lowered to between -1.25% and -0.25%, according to the Swiss National Bank (SNB). Because of the SNB's policy rate, negative interest has been in effect since January 22, 2015.

A higher than expected figure should be seen as positive (bullish) for the CHF while a lower than expected figure should be seen as negative (bearish) for the CHF.

Category:  Interest Rate
Units:  Percent
Details
Impact: High
Country:
Currency: CHF
Latest Release
Previous: 0.25%
Consensus: 0%
Actual: 0%
Next Release
Date: Sep 25, 07:30
Time left: 78 days

Forex Sentiment (CHF)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
EURCHF
0.9356
+20 pips
0.9473
-137 pips
0.93358
Symbol Action Percentage Volume Positions
EURCHF Short 24% 223.10 lots 1514
Long 76% 702.72 lots 4831
5% of traders are currently trading EURCHF.
GBPCHF
1.0841
+16 pips
1.0982
-157 pips
1.08248
Symbol Action Percentage Volume Positions
GBPCHF Short 10% 49.78 lots 923
Long 90% 427.34 lots 3892
3% of traders are currently trading GBPCHF.
USDCHF
0.8047
+78 pips
0.8350
-381 pips
0.79690
Symbol Action Percentage Volume Positions
USDCHF Short 8% 354.50 lots 2080
Long 92% 4015.83 lots 10412
8% of traders are currently trading USDCHF.
CHFJPY
177.5352
-690 pips
180.1832
+425 pips
184.438
Symbol Action Percentage Volume Positions
CHFJPY Short 94% 872.50 lots 5432
Long 6% 53.15 lots 351
3% of traders are currently trading CHFJPY.
AUDCHF
0.5290
+90 pips
0.5519
-319 pips
0.51997
Symbol Action Percentage Volume Positions
AUDCHF Short 15% 93.97 lots 970
Long 85% 517.70 lots 3466
3% of traders are currently trading AUDCHF.
NZDCHF
0.4934
+158 pips
0.5027
-251 pips
0.47764
Symbol Action Percentage Volume Positions
NZDCHF Short 9% 56.44 lots 468
Long 91% 553.12 lots 3849
4% of traders are currently trading NZDCHF.
CADCHF
0.5886
+61 pips
0.6192
-367 pips
0.58253
Symbol Action Percentage Volume Positions
CADCHF Short 7% 120.93 lots 1022
Long 93% 1526.34 lots 8654
6% of traders are currently trading CADCHF.
CHFSGD
1.5706
-367 pips
1.6074
-1 pips
1.60731
Symbol Action Percentage Volume Positions
CHFSGD Short 100% 4.10 lots 64
Long 0% 0.01 lots 1
0% of traders are currently trading CHFSGD.
XAUCHF
2184.3600
+41366 pips
2665.3950
-89469 pips
1,770.70
Symbol Action Percentage Volume Positions
XAUCHF Short 11% 0.02 lots 1
Long 89% 0.17 lots 2
0% of traders are currently trading XAUCHF.