Fundamental review of the market on 4.12.2013

Swiss National Bank will keep its current monetary policy on a meeting planned for December 12, due to continuing economic, tax, budget and monetary uncertainty in Eurosone. Swiss National Bank keeps the lowest rate for EUR/CHF at the level 1.20 and the range for 3 month Labor rate at 0.0% - 0.25%. Moreover, “inflation gradually approaches 0, and is much lower than the level which is considered by the Central Bank to be desirable for the price stability, and Swiss Franc stays overestimated”, says economist Reto Hunervadel. The meeting of the Swiss National Bank is going to be on the 12^th of December, and the decision will be published at 12:30 pm Moscow time.

Analyst Andrew Batenski