December 17, 2020 - Written by James Fuller
The Swiss National Bank (SNB) has held interest rates at -0.75%. The bank has reiterated that it will continue to intervene to curb franc appreciation despite being labelled by a currency manipulator by the US Treasury on Wednesday.
The Euro to Swiss franc exchange rate has strengthened marginally to 1.0800 while the dollar-to-Swiss franc remains close to 5-year lows at 0.8835 amid wider US currency weakness.
The Pound to Swiss franc exchange rate is close to 2-week highs just below 1.2000.
Swiss interest rates held at -0.75%
At its latest policy meeting, the National Bank held interest rates at -0.75%, in line with expectations, and there has been no move in rates since 2015.