SNB keeps key rate steady at -0.75%, USD/CHF unfazed

Dhwani Mehta FXStreet

At its June quarter monetary policy assessment held this Thursday, the Swiss National Bank (SNB) board members decided to leave the monetary policy settings unadjusted.

The SNB left the benchmark sight deposit rate unchanged at -0.75%.

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

Meanwhile, the USD/CHF pair kept its range near the midpoint of the 0.99 handle, well below 200-day SMA, post-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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