SNB keeps Libor Rates steady, near zero.
The National Bank of Switzerland announced Swiss Libor Rate earlier today, at <0.25% as expected.
SNB had targeted Swiss to aim for a three-month Libor at 0.0%; taking measures to keep the Swiss Franc low. EURCHF was already enforced at 1.20, and even now the Swiss Franc is continuing to be too strong and needs to weaken even moreso.
A little before the SNB Interest Rate report, Swiss Industrial Production reports were released at an actual figure of 3.6% while 3.3% was forecasted by economists. Previous Industrial Production reports came out at -9.6%.
The Swiss Franc weakened somewhat against the Euro and the U.S Dollar after the annoucements. Euro/Franc rose from prior-news price of 1.2052 to 1.2070 in a couple of minutes and then even further up to 1.2087.
U.S Dollar/Franc also rose slightly, from 0.8763 to 0.8783.
