SNB keeps key rate on-hold at -0.75%

The Swiss National Bank (SNB) left the sight deposit rate unadjusted at -0.75% at its quarterly monetary assessment held today, while the central bank maintains the 3-Month Libor Target Range is held steady between -1.25% to -0.25%, as widely expected.

Meanwhile, USD/CHF spikes to fresh highs near 0.9735 region on the SNB’s monetary policy announcement, as CHF sellers return to markets.