SNB leaves interest rates on hold

Author: Mike Paterson | Category: Central Banks

SNB decision now out 14 Sept

  • sight depo rate -0.75%
  • 3-mth LIBOR upper target -1.25%
  • 3-mth LIBOR lower target -0.25%

As expected .

  • 2017 GDP f/c just under 1.0% vs c.1.5% prev
  • 2017 inflation 0.4% vs 0.3% prev
  • 2018 inflation 0.4% vs 0.35 prev

USDCHF 0.9447 EURCHF 1.1472

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