Switzerland's central bank Thursday left its key interest rate unchanged at close to zero.
The Swiss National Bank held the target range for its benchmark three-month Swiss franc London interbank
offered rate at 0.0%-0.25%.
It will continue to target a three-month Libor rate at zero, a record low in place since Aug 3.
Most economists had expected the SNB to keep interest rates on hold at its latest quarterly review of monetary policy.
The SNB also reiterated its determination to enforce the minimum exchange rate of 1.20 Swiss francs per euro set Sept. 6, again saying it is "prepared to buy foreign currency in unlimited quantities."
Swiss Central Bank Keeps Interest Rates Unchanged
Posted by
BorsaStreet.com
on Thursday, September 15, 2011
Elliottwave
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