Swiss Franc - 2023 Data - 1971-2022 Historical - 2024 Forecast - Quote - Chart
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The Swiss National Bank hiked its key rate by 25bps to 1.75% in June and flagged another potential rate increase in September, underscoring that risks of second-round effects to inflation remain high despite the current slowdown in headline and core figures. The bank has also reiterated it was ready to intervene in the FX market if needed to support the franc.
The Swiss franc strengthened to 0.9 per USD, rebounding from the six-month low of 0.92 on October 3rd, as investors continued to pile on safe haven assets and limit exposure to geopolitical risk in the Middle East
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