SNB leaves interest rates on hold

  • as expected
  • target range for libor remains at 0.00-0.25%
  • raises forecast for 2013 growth to 1.5-2% from 1-1.5% prev
  • sees 2013 inflation at -0.2% vs -0.3% prev forecast
  • sees 2014 inflation at +0.3% vs +0.2% prev forecast
  • sees 2015 inflation at 0.7%% as prev forecast
  • does not see inflation approaching 2% price stability threshold

USDCHF still 0.9118

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