Swiss National Bank will enforce cap on franc of 1.2000

Author: Gerry Davies | Category: Central Banks

No change in peg then,  shock horror!!

EUR/CHF slips below 1.2100, presently at 1.2090.

  • Prepared to buy fx in unlimited quantities 

SNB 3-month libor band 0.0%-0.25%, unchanged and as expected

  • Will keep money market liquidity extraordinarily high
  • No risk of inflation in Switzerland
  • SNB does not see inflation approaching 2% price stability threshold for entire forecast horizon
  • Ready to take further measures at any time if the economic outlook, risk of deflation so require
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