{"id":26040,"date":"2011-12-16T02:40:00","date_gmt":"2011-12-16T07:40:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/12\/16\/swiss-national-bank-maintains-monetary-currency-policy\/"},"modified":"2011-12-16T02:40:00","modified_gmt":"2011-12-16T07:40:00","slug":"swiss-national-bank-maintains-monetary-currency-policy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/12\/16\/swiss-national-bank-maintains-monetary-currency-policy\/","title":{"rendered":"Swiss National Bank Maintains Monetary, Currency Policy"},"content":{"rendered":"<p><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&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/swiss-national-bank-sets-minimum-eurchf.html\">EURCHF 1.20 floor<\/a>&nbsp;set on the 6th of September. &nbsp;The Bank said it &#8220;<\/span><span>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&#8230; Even at the current rate, the Swiss franc is still high and should continue to weaken over time. The SNB stands ready to take further measures at any time if &nbsp;the economic outlook and the risk of deflation so require.&#8221;<\/span><br \/><a name='more'><\/a><span><br \/>The SNB intensified its&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/swiss-national-bank-intensifies-swiss.html\">currency measures<\/a><span>&nbsp;over the past two months. &nbsp;Switzerland reported annual consumer price inflation of -0.5% in November, down from 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 1.3% on an annual basis in the September quarter (2.3% in Q2 and 2.5% in Q1). &nbsp;The Swiss franc (CHF) last traded around 1.22 against the Euro, and 0.94 against the US dollar.<\/span><br \/><span><\/span><\/p>\n<div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-713367826350956611?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&nbsp;EURCHF 1.20 floor&nbsp;set on the 6th of September. &nbsp;The Bank said it &#8220;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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/12\/16\/swiss-national-bank-maintains-monetary-currency-policy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Swiss National Bank Maintains Monetary, Currency Policy&#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-26040","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26040","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=26040"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}