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Norway Norges Bank Interest Rate Decision in line with expectations (2.25%)

USD/CHF surges to two-week high, further beyond mid-0.9700s post-SNB decision

The USD/CHF pair reverses an intraday dip to the 0.9620 area and spikes to a two-week high after the Swiss National Bank (SNB) announced its monetary
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SNB's Jordan: Negative rates will remain an important instrument, to be used if needed

Following the Swiss National Bank's (SNB) decision to hike its policy rate by 75 bps on Thursday, Chairman Thomas Jordan noted that “negative rates wi
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