Switzerland: SNB keeps minimum exchange rate unchanged in March

FXstreet.com (Barcelona) - The Swiss National Bank decided to enforce its cap on franc at 1.20 per euro on Thursday. In order to do that the monetary authority is prepared to buy unlimited amounts of foreign currency.
The Libor rate will remain unchanged in a 0.00-0.25% range and the SNB will “continue to maintain liquidity on the money market at an exceptionally high level.”

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