As expected
- 3 month LIBOR lower target -1.25% as exp/prev
- 3 month LIBOR upper target -0.25% as exp/prev
- sight deposit -0.75% as exp/prev
- SNB will remain active in FX market if needed
- franc still highly valued
- franc significantly overvalued
- sees Swiss GDP to pick up gradually in H2
- sees 2015 CPI -1.2% vs -1.0 % prev
- sees positive inflation at start of 2017
USDCHF a tad lower at 0.9690 EURCHF 1.0958 both near session lows
Full SNB release here
Earlier the Swiss govt produced their own economic forecasts