Swiss National Bank Keeps the Minimum Exchange Rate Unchanged
Posted on 03/16/2012
The press release states, “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 […]
