Swiss Libor Rate

Thursday, 16 June 2011 11:37

Swiss reports on Interest Rates were released just a few minutes ago.  The Swiss National Bank announced that Libor Rate (London Interbank offered Rate) remained at the same level at 0.25%.  Unchanged for three consecutive months, SNB is aiming to maintain Interest Rates at its lowest possible point; around 0.25%.

Swiss Franc has been appreciating against major currencies such as the U.S Dollar and the Euro.  USD/CHF is currently trading at 0.8505, while EUR/CHF is trading at 1.2036.  Euro weakened against the Franc after conference by Jean-Pierre Danthine, as the Franc jumped from 1.2040 to 1.2020; but then edging back up to 1.2037 EUR/CHF