Jan 15, 2015
SNB moves deeper into negative rates – BBH
The Brown Brothers Harriman Team shares that the SNB in a sudden move lowered its 3-month LIBOR target to -0.25% -to -1.25% from the previous -0.25% to -0.75%, sending the EUR/CHF to experience a 30% fall from 1.20 to 0.85.
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