The policy pursued by the Swiss National Bank, remained unchanged in September. Also, the central bank again pledged the willingness to intervene in the course of trade, the pair EUR/CHF will drop below $ 1.2000.
In the SNB is still confident that the containment building franc is still necessary, despite the reduction of tension in the markets. In this case, the Central Bank said that the franc is estimated by market participants is high.
The regulator also kept the rate at extremely low levels (0-0.25%), and the decision was expected by economists. At the same time, the revised GDP forecast for Switzerland to 1.5-2% this year from a previous forecast values of 1-1.5%. Analysts believe that if the SNB forecast will come to pass, then Switzerland will be one of the leaders in economic growth among European countries, many of which are only beginning to emerge from recession.
With respect to inflation, deflation, the SNB confirmed the existence of which he expects this year will be about 0.3%. However, the Central Bank expects that in 2014 the inflation rate reached 0.3%.
Franc began to strengthen the long-term trend. The pair USD / CHF down in the descending wave a (C)/C-level Weekly2, experts say of Masterforex-V Academy. At this time, the pair forms a sub-wave 3/C and the key support at 0.9020 and the least favor long-term MF pivot 0.8930. Completion of the downward movement will show the breakdown of the downward sloping channel MF and MF pivot 0.9453.
