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SNB Cut 3-Month Target Rate by 100 bp to 1.00%

Discussion in 'Fundamental Analysis' started by ActionForex.com, Nov 20, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The SNB cut the target range for 3m Libor by 100 bp to 0.5-1.5% in another inter-meeting move. The SNB said in a statement that as a result of price falls to oil and raw materials, inflation is likely to fall below 2% as early as at the end of...

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