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What is SNB Measures to Counter Strong Franc about?

The Swiss National Bank considers the Swiss franc to be overvalued and is taking measures to weaken it. This includes aiming for a three-month Libor rate close to zero while significantly increasing liquidity to the Swiss franc money market. It also intends to expand sight deposits at the SNB from CHF 30 billion to CHF 80 billion. The SNB is monitoring the foreign exchange market and will take further measures against the strength of the Swiss franc if needed.

Author

stojepatrze

Language

EN