GVI Forex Swiss National Bank Policy and Economic Profiles
SWISS NATIONAL BANK Policy Objective: The National Bank equates price stability with a rise in the national consumer price index (CPI) of less than 2% per annum. In so doing, it takes account of the fact that not every price movement is necessarily inflationary. Furthermore, it believes that inflation cannot be measured accurately. Measurement problems arise, for example, when the quality of goods and services improves. Such changes are not properly accounted for in the CPI; as a result, inflation, as measured by the CPI, will be slightly overstated.
The chart above shows year/year CPI and the Swiss goal of less than 2% for this price index.
The chart above shows the current three month libor rate, the current
three-month Euro-Swiss target and where the futures markets are
currently trading three month rates for the specified periods in the
future. The chart also includes comparisons of where these futures
rates were trading most recently, a week ago and four weeks ago.
The chart provides a view on where the markets feel Swiss interest
rates are headed.
The chart above shows the Swiss three-month Euro-swiss rate target, three month libor, and
two- and ten-year bond yields over the past twelve months.
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CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN
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INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC
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SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR
SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.