SNB Swiss Libor Rate 03/11/2010

8:00am NY Time CHF LIBOR Rate    Forecast 0.25%    Previous 0.25%
ACTION:  n/a

SNB usually issues a target range of 1.00% on the 3-month short term Libor rate, or London Interbank Offered Rate, during this decision and the actual rate is the midpoint of the target, unless otherwise specified. 

SNB is going to keep the 3-month libor rate at the current target level of 0.25%, as agreed by most analysts, and as a matter of fact, analysts agree that SNB will keep rates unchanged until mid 2010.  As SNB is not in the habit of  shocking the market, it is practically impossible for SNB to hike rates unexpectantly.

SNB will also release its monetary policy assessment report along with the rate decision, which will focus on future projections and monetary policy.  This will probably move the market more than the actual rate decision as usual, because the rate decision deals with current market, but the assessment report deals with the future.  We’ll listent o the report and hopefully jump into the market should this report  be a surprise.

Related posts:

1. SNB Libor Rate Decision (Interest rate) 12/10/09
2. Libor Rate Decision 09/17/09
3. ECB Minimum Bid Rate Decision (Interest rate decision) 12/03/09
4. ECB Minimum Bid Rate Decision 11/05/09
5. RBA Cash Rate decision 03/01/2010
6. ECB Minimum Bid Rate Decision 10/08/09
7. ECB Minimum Bid Rate Decision 09/03/09
8. RBA Cash Rate Decision 11/02/09
9. Australia Monetary Policy Meeting Minutes 10/19/09
10. RBA Interest Rate Decision 09/01/09