The SNB holds policy steady with its benchmark rate still at 0-0.25%, and the CHF 1.20 floor for...

|By:, SA News Editor

The SNB holds policy steady with its benchmark rate still at 0-0.25%, and the CHF 1.20 floor for the euro to be enforced "with utmost determination." Pressure has come off the bank's need to defend the floor of late as the EU crisis fades (for now), and Credit Suisse (UBS rumors floating about as well) begins charging negative interest rates on deposits.