Thu, 13 Sep 2012 14:35:50 GMT
Swiss National Bank left interest rate unchanged
The Swiss National Bank left the
target range for the three-month Libor rate unchanged at 0.0-0.25% on Thursday,
in line with analysts' expectations. Moreover,
the SNB trimmed its growth forecast. Bank expects an inflation rate of -0.6%
for 2012, 0.2% for 2013, and 0.4% for 2014. Nation's GDP is to grow by 1% in
2012, down from 1.5% projected in the June forecast.