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Swiss National Bank (SNB)



(SNB) Swiss National Bank Maintains Minimum Exchange Rate Print E-mail
SNB | Written by Swiss National Bank | Dec 13 12 10:03 GMT
The Swiss National Bank (SNB) is leaving the minimum exchange rate of CHF 1.20 per euro unchanged. The Swiss franc is still high. An appreciation of the Swiss franc would compromise price stability and would have serious consequences for the Swiss economy. Consequently, the SNB will continue to enforce the minimum exchange rate with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. In addition, the SNB is leaving the target range for the three-month Libor at 0.0-0.25%. If necessary, it stands ready to take further measures at any time.
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(SNB) Swiss National Bank Leaves Minimum Exchange Rate Unchanged Print E-mail
SNB | Written by Swiss National Bank | Sep 13 12 07:34 GMT
The Swiss National Bank (SNB) is leaving the minimum exchange rate unchanged at CHF 1.20 per euro, and will continue to enforce it with the utmost determination. It remains committed to buying foreign currency in unlimited quantities for this purpose. The Swiss franc is still high and is weighing on the Swiss economy. For this reason, the SNB will not permit an appreciation of the Swiss franc, given the serious impact this would have on both prices and economic performance in Switzerland. It is leaving the target range for the three-month Libor rate unchanged at 0.0-0.25%. If necessary, it stands ready to take further measures at any time.
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(SNB) Swiss National Bank Maintains Minimum Exchange Rate Print E-mail
SNB | Written by Swiss National Bank | Jun 14 12 10:12 GMT
The Swiss National Bank (SNB) will maintain the minimum exchange rate of CHF 1.20 per euro and will enforce it with the utmost determination. It remains prepared to buy foreign currency in unlimited quantities for this purpose. Even at the current rate, the Swiss franc is still high. Another appreciation would have a serious impact on both prices and the economy in Switzerland. The SNB will not tolerate this. If necessary, it stands ready to take further measures at any time.
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(SNB) Swiss National Bank Keeps the Minimum Exchange Rate Unchanged Print E-mail
SNB | Written by Swiss National Bank | Mar 15 12 08:48 GMT
The Swiss National Bank (SNB) will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00-0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level.
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(SNB) Swiss National Bank Reaffirms its Commitment to the Minimum Exchange Rate of CHF 1.20 per Euro Print E-mail
SNB | Written by Swiss National Bank | Dec 15 11 08:54 GMT
The Swiss National Bank (SNB) will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities. The target range for the Libor remains at 0.0 - 0.25%, and the SNB continues to aim for a three-month Libor close to zero. Even at the current rate, the Swiss franc is still high and should continue to weaken over time. The SNB stands ready to take further measures at any time if the economic outlook and the risk of deflation so require.
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(SNB) Swiss National Bank Takes Measures against Strong Swiss Franc Print E-mail
SNB | Written by Swiss National Bank | Aug 03 11 10:43 GMT
The Swiss National Bank (SNB) considers the Swiss franc to be massively overvalued at present. This current strength of the Swiss franc is threatening the development of the economy and increasing the downside risks to price stability in Switzerland. The SNB will not tolerate a continual tightening of monetary conditions and is therefore taking measures against the strong Swiss franc.
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(SNB) Monetary Policy Assessment of 16 June 2011 Print E-mail
SNB | Written by Swiss National Bank | Jun 16 11 10:15 GMT
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. The target range for the three-month Libor remains at 0.0 - 0.75%, and the SNB intends to keep the Libor within the lower part of the target range at around 0.25%. The global economic recovery is continuing, even if the outlook has dampened somewhat in the past few weeks. The level of capacity utilisation in the Swiss economy is rising. Despite the strong appreciation of the Swiss franc, the economy continues to benefit from robust international demand. However, margins in the export industry are coming under increasing pressure. For 2011, the SNB is maintaining its forecast of real growth in Swiss GDP of around 2%.
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(SNB) Monetary Policy Assessment of 17 March 2011 Print E-mail
SNB | Written by Swiss National Bank | Mar 17 11 09:14 GMT
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. It is leaving the target range for the three-month Libor rate unchanged at 0.0-0.75%, and intends to keep the Libor within the lower part of the target range at around 0.25%.
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(SNB) Monetary Policy Assessment of 16 December 2010 Print E-mail
SNB | Written by Swiss National Bank | Dec 16 10 08:39 GMT
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. It is leaving the target range for the three-month Libor unchanged at 0.00-0.75%, and intends to keep the Libor within the lower part of the target range at around 0.25%.
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(SNB) Monetary Policy Assessment of 16 September 2010 Print E-mail
SNB | Written by Swiss National Bank | Sep 16 10 12:06 GMT
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. It is leaving the target range for the three-month Libor unchanged at 0.00-0.75%, and intends to keep the Libor within the lower part of the target range at around 0.25%.
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