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Swiss National Bank Reaffirms Commitment on Currency Floor

Posted on 20 June 2014

The Swiss National Bank on Thursday reiterated its pledge to intervene in the foreign-exchange market to prevent the Swiss franc from strengthening beyond 1.20 to the euro, saying the limit remains the “right tool” to curb upward pressure on the currency.
The Zurich-based central bank, which introduced the minimum exchange rate in September 2011, also held its target range for the three-month London interbank offered rate, or Libor, a key interest rate, at 0.0% to 0.25% for the 12th successive quarter………………………………………..Full Article: Source


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