Switzerland to intervene to halt franc's gain

The Swiss National Bank pledged to curb the appreciation of the Swiss franc against the euro on Thursday and said that there was a risk of deflation over the next three years.

The central bank also lowered its target range for the three-month London Interbank Offered Rate (Libor) for Swiss-franc loans by 25 basis points to 0-0.75%, saying that it would "use all means at its disposal to gradually bring the Libor down to the lower end of the new target range" to about 0.25%.

"With these excepti

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: