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.
