SNB devaluation attempt flounders as Swiss franc rebounds

swiss-national-bank-zurich

The Swiss franc on Friday regained much of its value after the Swiss National Bank (SNB) moved to stem the appreciation of its currency.

In response to the soaring value of the Swiss franc, the Swiss central bank on Wednesday narrowed the target range for the three-month Libor, its operational target, from 0-0.75% to 0-0.25%. It also expanded banks' deposits at the central bank from around Sfr30 billion ($39.13 billion) to Sfr80 billion, which is intended to increase the supply of liquidity to t

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: