The CAD/CHF currency pair was mostly steady near a 2-month high of 0.5777 on Monday ahead of the outcome of the Bank of Canada’s and the Swiss National Bank’s policy meetings.
The Bank of Canada is expected to keep its benchmark interest rate intact at 2.25% at its March 18th policy meeting.
Policy makers had said the current stance was appropriate given the BoC’s baseline economic outlook.
Yet, recent tariff threats from the US brought back concerns of trade disruptions and prompted the Governing Council to warn of uncertainty, potentially warranting a monetary policy adjustment in either direction.
In its quarterly monetary policy report, the central bank maintained its forecast for modest growth this year and in 2027, while inflation is expected to hover around the 2% target.
Meanwhile, the Swiss National Bank is expected to keep its policy rate without change at 0% at its March 19th meeting.
Swiss inflation has remained subdued. The central bank had forecast average inflation at 0.2% for 2025, at 0.3% for 2026 and at 0.6% for 2027.
The SNB had also reaffirmed its readiness to intervene in the Forex market if needed.
The CAD/CHF currency pair was last down 0.01% on the day to trade at 0.5762.
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