Swiss central bank keeps policy rates negative
SNB says it will intervene in foreign exchange markets “as necessary”
The Swiss National Bank kept its negative policy rates unchanged in its monetary policy announcement today (June 21).
Interest on sight deposits at the SNB is −0.75%, and the target range for the three-month Libor is from −1.25% to −0.25%.
“At 0.9%, the inflation forecast for 2018 is 0.3 percentage points higher than projected at the March assessment,” the SNB says in its policy statement. “For 2019, the SNB continues to anticipate inflation of 0.9%. For 2020, we expect to see inflation of 1.6
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