{"id":23844,"date":"2011-09-15T05:31:00","date_gmt":"2011-09-15T09:31:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/09\/15\/swiss-national-bank-holds-rate-target-at-0-0-25\/"},"modified":"2011-09-15T05:31:00","modified_gmt":"2011-09-15T09:31:00","slug":"swiss-national-bank-holds-rate-target-at-0-0-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/09\/15\/swiss-national-bank-holds-rate-target-at-0-0-25\/","title":{"rendered":"Swiss National Bank Holds Rate Target at 0-0.25%"},"content":{"rendered":"<p><span><span>The&nbsp;<a href=\"http:\/\/www.snb.ch\/\">Swiss National Bank<\/a>&nbsp;held its target for the 3-month franc LIBOR unchanged at 0-0.25 percent, and reaffirmed its commitment to the <a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/swiss-national-bank-sets-minimum-eurchf.html\">EURCHF 1.20 floor<\/a> set on the 6th of September. &nbsp;The Bank said: &#8220;<\/span><span>The Swiss National Bank will enforce the minimum exchange rate of CHF 1.20 per euro set on 6 September with the utmost determination. It is prepared to buy foreign currency in unlimited quantities. It continues to aim for a three-month Libor at zero and will maintain total sight deposits at the SNB at significantly above CHF 200 billion.&#8221;<\/span><\/span><\/p>\n<div><span><span><span><\/span><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span><span><span>At its June meeting this year the Swiss National Bank maintained the&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/swiss-national-bank-holds-interest-rate.html\">interest rate&nbsp;unchanged<\/a>&nbsp;at 0.25%. &nbsp;The SNB intensified its <a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/swiss-national-bank-intensifies-swiss.html\">currency measures<\/a> over the past two months. &nbsp;Switzerland reported annual consumer price inflation of 0.2% in August, compared to 0.50% in July, meanwhile, the Bank is forecasting inflation of 0.4% during 2011, while 2012 inflation is expected at -0.3% and 0.5% in 2013. &nbsp;The Swiss economy grew 2.3% on an annual basis in the June quarter (2.5% in Q1). &nbsp;The Swiss franc (CHF) last traded around 1.2060 against the Euro, and 0.877 against the US dollar.<\/span><\/span><\/span><\/div>\n<p><span> <\/p>\n<div>\n<div><span><br \/><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/div>\n<\/div>\n<p><\/span> <\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-841583939901772212?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Swiss National Bank&nbsp;held its target for the 3-month franc LIBOR unchanged at 0-0.25 percent, and reaffirmed its commitment to the EURCHF 1.20 floor set on the 6th of September. &nbsp;The Bank said: &#8220;The Swiss National Bank will enforce the minimum exchange rate of CHF 1.20 per euro set on 6 September with the utmost determination. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/09\/15\/swiss-national-bank-holds-rate-target-at-0-0-25\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Swiss National Bank Holds Rate Target at 0-0.25%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23844","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23844"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}