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SNB Keeps Policy on Hold as Expected; Says Franc “Highly Valued”

Thursday, 13 June 2019 14:46 WIB Bank Sentral Swiss, SNB Rate

Swiss National Bank introduces new policy rate to replace three-month Libor band since future of Libor is uncertain. Keeps deposit rate unchanged at -0.75%, as forecast by economists in Bloomberg survey. SNB will remain active in FX market as necessary. Says CHF remains highly valued. Sees 2019 CPI at 0.6%, 2020 at 0.7%, 2021 at 1.1%. Source : Bloomberg

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