SNB keeps interest rate steady, ready for further action

Note: This section contains information in English only.
Source: Bloomberg
The Swiss National Bank held its interest rate at -0.75%, a record low, and emphasized readiness for further activity to diminish impact of the strong Franc. The Swiss currency rose 15% since the central bank abandoned the cap of 1.20 per euro in January. The economy is on the edge of the first recession in the last six years, and, according to the survey conducted by Bloomberg, the lower bound of the deposit rate is around –1.0%.
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Thu, 18 Jun 2015 10:33:04 GMT

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