Little Expected of Swiss National Bank, Bank of Japan

Two of the maverick central banks that have jolted the markets with unexpected policy decisions are expected to hold their respective rates and keep their stimulus programs unchanged.



The Swiss National Bank is expected to keep its rate at -0.75% in an effort to keep the Swiss franc devalued versus the USD. The Bank of Japan, meanwhile, has said that it has seen some positive effects of its ¥80 trillion-a-year stimulus program, but the effect on inflation has been disappointing as it still lags behind the 2% mark promised by Prime Minister Shinzo Abe two years ago.



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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza