Switzerland holds key rate unchanged

Switzerland's central bank said on Thursday it was leaving its key interest rate unchanged, cautioning that an upswing in Switzerland's faltering economy was not yet assured.

The Swiss National Bank said in a statement that the range of the three-month Libor rate would remain at a historic low point of zero to 0.75 percent, which was set more than one year ago on March 6, 2003.

"The economic recovery in Switzerland is increasingly broad based. The upswing is not yet assured, though," it added.


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