SNB to test indexing repo transactions to policy rate
|The Swiss National Bank (SNB) will test indexing repurchase agreement (repo) transactions to its policy rate in the coming months, the central bank said in a statement on Tuesday.
"Once the test operations have been completed, indexed repo transactions can be used as part of the SNB's monetary policy operations," the central bank said.
Market reaction
USD/CHF was last seen trading at 0.9344, up 0.06% on the day.
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