SNB keeps key rate on hold at -0.75%, USD/CHF unfazed near 0.9920

The Swiss National Bank (SNB) board members decided to leave the benchmark sight deposit rate unchanged at -0.75% at its quarterly monetary assessment held today.

The central bank maintained the 3-Month Libor Target Range steady between -1.25% to -0.25%, as widely expected.

Meanwhile, USD/CHF remains little changed near 0.9920 on the SNB policy announcement.