Pursuits
SNB Keeps Rates on Hold as Hildebrand Signals Franc Concern
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The Swiss central bank today left its benchmark interest rate near zero as President Philipp Hildebrand said that policy makers are “concerned” about the franc’s surge.
The Zurich-based Swiss National Bank left its three-month Libor target rate at 0.25 percent. That’s in line with the forecasts of all 26 economists in a Bloomberg News survey. The franc surged to a record 1.1995 versus the euro today, breaching