SNB left interest rates unchanged as expected

Swiss National Bank (SNB) left sight deposit rate unchanged at -0.75% as expected. The 3-month labor upper target and lower target were left unchanged at -1.25% and -0.75% respectively.

Key points

Negative rates making franc less attractive

CHF remains significantly overvalued

SNB will remain active in currency market

Swiss National Bank (SNB) left sight deposit rate unchanged at -0.75% as expected. The 3-month labor upper target and lower target were left unchanged at -1.25% and -0.75% respectively.

(Market News Provided by FXstreet)