SNB keeps rate at -0.75, inflation not to turn positive until 2022

<p>SNB left sight deposit rate unchanged at -0.75% as widely expected. The central bank “remains will to intervene more strongly in the foreign exchange market”. The overall expansionary monetary policy “remains necessary”. Inflation forecast is revised sharply lower. SNB projects inflation to bottom at -1.2% in Q2 2020, and stay negative with gradually improvement till […]</p>
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