Switzerland: SNB maintains minimum exchange rate and ultra-low interest rates

At its latest monetary policy meeting scheduled for 12 December, the Swiss National Bank (SNB) decided to keep the three-month Libor target at the historically-low range of 0% to 0.25% that was established in August 2011. This decision was on par with market expectations. The Central Bank also reaffirmed its commitment to maintain the 1.20 CHF per EUR cap, stating that the exchange rate cap “continues to be the right tool to avoid undesirable tightening of monetary conditions in the event of renewed upward pressure on the Swiss franc.”

Read more about Swiss Monetary Policy.

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