SNB maintains deposit rate at -0.75%

FXStreet (Mumbai) – The Swiss National Bank (SNB) on Thursday maintained its deposit rate unchanged at -0.75% as expected. The Libor target range is kept unchanged at -1.25% to -0.25%.

SNB key quotes

“CHF is substantially overvalued.”

“2015 GDP to be approximately at 1%.”

“Inflation in 2015 seen at -1.0% from the earlier forecast of -1.1%. In 2016 inflation is seen at -0.4% from the previous forecast of -0.5%. Meanwhile, in 2017 inflation is seen at 0.3%, compared to the previous forecast of 0.4%.”

The Swiss National Bank (SNB) on Thursday maintained its deposit rate unchanged at -0.75% as expected. The Libor target range is kept unchanged at -1.25% to -0.25%.

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