- Also leaves EURCHF rate cap unchanged at 1.2000
- 3 month libor target range unchanged at 0-0.25%
USDCHF and EURCHF a little lower at 0.9293 and 1.2316 but no great surprises in the SNB decision
More from the announcement
- Swiss franc is still high
- Remains ready intervene in FX in unlimited amounts if necessary
- ready to take further measures if needed
- risks for Swiss economy remain high
- developments in EZ crisis remain uncertain
- sees Swiss 2013 GDP growth between 1-1.5% as before
- sees lower inflation in 2013 than previous forecast ( -0.3% vs -0.2%) due to lower oil prices