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Swiss central bank retains low rates to curb franc’s gains

Switzerland’s central bank maintained its negative interest rates to curtail gains in the Swiss franc.

On Thursday, the Swiss National Bank kept the target range for 3-month Libor at -0.25% to -1.25%, as well as the rate levied on sight deposits at -0.75%.

The central bank, in a statement, said the record low rates and their willingness to interfere in the foreign exchange market will make franc-denominated investments less appealing; hence, alleviating the pressure on the currency.

The material has been provided by InstaForex Company – www.instaforex.com

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Swiss central bank retains low rates to curb franc’s gains Reviewed by on . Switzerland's central bank maintained its negative interest rates to curtail gains in the Swiss franc.On Thursday, the Swiss National Bank kept the target range Switzerland's central bank maintained its negative interest rates to curtail gains in the Swiss franc.On Thursday, the Swiss National Bank kept the target range Rating:
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