Economics

SNB Keeps Ultra-Loose Policy With a New Rate to Tame Currency

Reiterates pledge to intervene to halt franc appreciation
SNB policy rate is introduced as Libor is set to be replaced

SNB's Jordan Sees 'No Reason to Tighten Monetary Policy'

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By Catherine Bosley

June 13, 2019 at 7:45 AM UTC

Updated on

June 13, 2019 at 9:28 AM UTC

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The Swiss National Bank stuck with ultra-loose monetary policy and a pledge to battle currency strength amid a deteriorating backdrop that’s tying its hands.