SNB leaves key rate unchanged at -0.75%, USD/CHF off six-year lows

• The SNB steers monetary policy on a steady course in December.
• USD/CHF keeps the recovery mode intact from six-year lows.

The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday.

The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, as widely expected.

more to come ...