SNB keeps key rate on hold at -0.75%, USD/CHF unfazed near 0.9920

Dhwani Mehta FXStreet

The Swiss National Bank (SNB) board members decided to leave the benchmark sight deposit rate unchanged at -0.75% at its quarterly monetary assessment held today.

The central bank maintained the 3-Month Libor Target Range steady between -1.25% to -0.25%, as widely expected.

Meanwhile, USD/CHF remains little changed near 0.9920 on the SNB policy announcement.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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