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SNB: Happily on Hold - EUR/CHF to 1.15 in 12M

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 10, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Swiss National Bank (SNB) today kept policy rates unchanged at its quarterly meeting as expected by most market observers, i.e. the 3M Libor target and sightdeposit rate were kept at -0.75%. This sent EUR/CHF lower as some probability of a rate cut was priced in ahead of the decision,[​IMG]

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