Swiss CB keeps the exchange rate limit unchanged

Note: This section contains information in English only.
Source: The Wall Street Journal
After the Thursday meeting, the Swiss National Bank decided to keep the limit for franc-euro exchange rate at the previous level of 1.20, as this floor supports the economy and exports in Switzerland and is decreasing the pressure on the franc. At the same time, the Libor forecast for franc was kept at 0.25%. Moreover, it was announced that the SNB is ready to buy foreign currency as long as needed.
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