Swiss central bank keeps rates unchanged, warns of Brexit risk
June 16, 2016 9:00 am
The quarterly policy meeting of Switzerland’s central bank that happened on Thursday revealed that the negative interest rates of the bank remained unchanged.
The Swiss National Bank has kept its target range for three-month Libor between -1.25 and -0.25 percent, as predicted by Reuters-polled economists.
The bank also commented regarding the possible risks of Brexit to the global economy, “The imminent UK referendum on whether to stay in the European Union may cause uncertainty and turbulence to increase”.
The material has been provided by InstaForex Company – www.instaforex.com
The quarterly policy meeting of Switzerland’s central bank that happened on Thursday revealed that the negative interest rates of the bank remained unchanged.
The Swiss National Bank has kept its target range for three-month Libor between -1.25 and -0.25 percent, as predicted by Reuters-polled economists.
The bank also commented regarding the possible risks of Brexit to the global economy, “The imminent UK referendum on whether to stay in the European Union may cause uncertainty and turbulence to increase”.
The material has been provided by InstaForex Company – www.instaforex.com
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