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Swiss central bank sticks to negative rates ahead of French election

Reuters  |  ZURICH 

ZURICH (Reuters) - The National stuck to its ultra-loose monetary policy on Thursday, as it awaits the outcome of elections across which could trigger an upsurge in demand for the safe-haven franc should nationalists perform well.

The central kept its target range for three-month franc Libor at -1.25 percent to -0.25 percent while it kept the rate it charges on sight deposits at -0.75 percent, as expected in a poll of economists. [nL5N1GN4SF]

The said it remained committed to negative and currency interventions to rein in the franc, which it said remained "significantly overvalued".

(Reporting by John Revill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Swiss central bank sticks to negative rates ahead of French election

ZURICH (Reuters) - The Swiss National Bank stuck to its ultra-loose monetary policy on Thursday, as it awaits the outcome of elections across Europe which could trigger an upsurge in demand for the safe-haven Swiss franc should nationalists perform well.

ZURICH (Reuters) - The National stuck to its ultra-loose monetary policy on Thursday, as it awaits the outcome of elections across which could trigger an upsurge in demand for the safe-haven franc should nationalists perform well.

The central kept its target range for three-month franc Libor at -1.25 percent to -0.25 percent while it kept the rate it charges on sight deposits at -0.75 percent, as expected in a poll of economists. [nL5N1GN4SF]

The said it remained committed to negative and currency interventions to rein in the franc, which it said remained "significantly overvalued".

(Reporting by John Revill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Swiss central bank sticks to negative rates ahead of French election

ZURICH (Reuters) - The National stuck to its ultra-loose monetary policy on Thursday, as it awaits the outcome of elections across which could trigger an upsurge in demand for the safe-haven franc should nationalists perform well.

The central kept its target range for three-month franc Libor at -1.25 percent to -0.25 percent while it kept the rate it charges on sight deposits at -0.75 percent, as expected in a poll of economists. [nL5N1GN4SF]

The said it remained committed to negative and currency interventions to rein in the franc, which it said remained "significantly overvalued".

(Reporting by John Revill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22