23 Sep 2021
SNB keeps rates-on hold at -0.75%, USD/CHF battles 0.9250
- The SNB made no changes to its monetary policy settings in September.
- USD/CHF remains pressured near 0.9250 on the SNB verdict.
At the September quarter monetary policy assessment this Thursday, the Swiss National Bank (SNB) board members decided to leave the monetary policy settings unchanged yet again.
The SNB maintained the key sight deposit rate steady at -0.75% while leaving the 3-Month Libor Target Range unchanged between -1.25% to -0.25%, as widely expected.
more to come ...