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(SNB) Thomas Jordan - Monetary Policy and Financial Markets: What May We Expect in 2008? Print E-mail
SNB | Written by Swiss National Bank | Jan 31 08 06:32 GMT
The problems linked to the US housing and mortgage market dominated international financial markets in 2007. Despite the difficulties on the financial markets in the second half of the year, the global economy was robust last year. For 2008, the outlook for global economic growth has deteriorated and become more uncertain.
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(SNB) Monetary Policy Assessment of 13 December 2007 Print E-mail
SNB | Written by Swiss National Bank | Dec 13 07 05:08 GMT
The Swiss National is leaving the target range for the three-month Libor unchanged at 2.25-3.25%. It intends to hold the rate in the middle of the target range for the time being. The global economy is likely to grow at a somewhat slower pace this year and next year than the National Bank expected back in September.
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