Swiss National Bank Inaction – ECB’s TLTRO disappoints

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The Swiss National Bank today decided to leave interest rates unchanged and refrained from taking any monetary policy action as widely expected. The key highlights of the SNB’s monetary policy were: 3-month libor target rate unchanged at 0.0 - 0.25% Central bank ready to take further measures as and when needed SNB see's 2015 growth at 2% with inflation flat at 0% for 2014 Rules out infl...

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