CHF Review
September 18, 2014Quotes from RBC Capital Markets:
-CHF: The SNB left rates unchanged, keeping the ICE Libor target range at 0.0% – 0.25%. The central bank also maintained its cap on the Swiss franc and reiterated its vow to defend it with “utmost determination”.
-In its press release, the SNB highlighted deterioration in the economic outlook and that the risk of deflation has increased again as the central bank lowered its inflation forecast for 2015 and 2016.
