The Swiss National Bank (SNB) today kept policy rates unchanged at its quarterly meeting as expected by most market observers, i.e. the 3M Libor target and sight-deposit rate were kept at -0.75%. This sent EUR/CHF lower as some probability of a rate cut was priced in ahead of the decision, albeit this had been markedly reduced after the ECB went for the 'light' easing menu last week.
To Read the Entire Report Please Click on the pdf File Below