Swiss National Bank expected to resist global rate-hike trend | Malay Mail

ZURICH, March 22 — The Swiss National Bank will likely hold fast to the world’s lowest interest rate when it gives its latest monetary policy update on Thursday, resisting an upward trend at other global central banks, according to analysts polled by Reuters.

“Parity is more of a buzzword for analysts and financial commentators than it is for a central bank, which looks more at fundamentals,” said GianLuigi Mandruzzato, an economist at EFG Bank. The SNB’s stance is aided by the fact that although Swiss prices have risen, it is not at the same level seen in the euro zone, Britain or the United States, which have recently seen inflation hitting 5.9 per cent, 5.5 per cent and 7.9 per cent, respectively.

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Hints of another US rate hike keep ringgit lower at the close | Malay MailKUALA LUMPUR, March 22 — The ringgit fell against the US dollar at today’s close as the greenback continued strengthening after the US Federal Reserve hinted at another interest rate hike this year. At 6pm, the local currency stood at 4.2160/2190 versus the greenback from 4.2025/2060 at... BNM_official should call for the MPC meeting urgently to raise the interest rate before the ringgit slides further.
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