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December 13, 2007 - Forex Economic News
Swiss National Bank holds interest rate steady.
The Swiss National Bank announced today its decision to keep its interest rate unchanged. The current Libor target range is 2.25-3.25 percent with the SNB aiming for the center of that range for a 2.75 percent rate. Citing a global economic slowdown and acknowledging an "uncertainty" in inflation, the Chairman of the Governing Board Jean-Pierre Roth stated in his speech that SNB felt that a change in policy was "unnecessary under the current circumstances." This is the first time in two years that the SNB has held rates steady. Read the statement here(pdf).
Tags: Interest Rates, Libor Target Rate, SNB, Swiss Economy------------ Blog index
