Monthly Archives: January 2015

Economic Insights – SNB Throws in Towel

The Swiss National Bank (SNB) today abandoned its foreign exchange intervention which had kept the Swiss franc no stronger than 1.20 against the euro.   It also reduced its target-range for the three-month LIBOR to between -1.25% and -0.25% from the previous range between -0.75% and +0.25%.  Overall these measures represent a major policy move.  The… Read more »

The Swiss National Bank (SNB) today abandoned its foreign exchange intervention which had kept the Swiss franc no stronger than 1.20 against the euro.   It also reduced its target-range for the three-month LIBOR to between -1.25% and -0.25% from the previous range between -0.75% and +0.25%.  Overall these measures represent a major policy move.  The… Read more »