SNB keeps accommodative policy unchanged
Central bank acknowledges Swiss franc’s depreciation, but still considers development “fragile”
The Swiss National Bank has kept its accommodative policy unchanged after the monetary policy assessment carried out on December 14.
The SNB’s deposit rate remains unchanged at –0.75%. The central bank will continue to buy US dollar- and euro-denominated assets to prevent the Swiss franc’s appreciation against both currencies, it says in a statement. The Swiss currency has fallen against these global currencies in recent months.
“Over the past six months, the Swiss franc has depreciated
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