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,".

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.

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