At its March meeting this year the Swiss National Bank also maintained the interest rate at 0.25%. The Bank is forecasting inflation of 0.9% during 2011, while 2012 inflation is expected at 1% and 1.7% in 2013.
Thursday, June 16, 2011
Swiss National Bank Holds Interest Rate at 0.25%
The Swiss National Bank held its target for the 3-month franc LIBOR unchanged at 0.25 percent, with exchange rate concerns taking focus. The Bank said: "Should the exchange rate again be subject to significant changes, a reassessment of the inflation outlook would be required,".
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Swiss bank always adopt good rules........
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