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SNB to remain sidelined for now

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events SNB ready to react but no need right now (by Peter Rosenstreich) The SNB has clearly taken a reactive rather than a proactive stance. With pressure off the SNB will sit back and watch how things develop. As we expected, the SNB held its policy rates unchanged (sight deposit rate -0.75% & 3-month libor -0.25% to -0.75%), while not tinkering with tightening banks’ threshold exemptions on negative rates. Given the SNB’s rather depleted toolbox, tightening exemption would

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