Rate round-up

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The Swiss National Bank (SNB), the Reserve Bank of New Zealand, the Bank of Korea and the Central Bank of Peru all maintained their policy rates this week.

SNB

The SNB maintained its expansionary monetary policy leaving its benchmark target range for three-month Swiss franc Libor unchanged at 0-0.75% with the intention to keep the Libor within the lower part of the target range at about 0.25%.

The move will help to keep inflation on a steady path and prevent an excessive appreciation of the Swis

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