Swiss National Bank (latest release)

Measures London interest rate for 3-month Swiss franc deposits;

Usual Effect Actual > Forecast = Good for currency;

Frequency Scheduled quarterly;

The SNB usually announces a 1% target range for Libor, and the midpoint is considered the target rate unless specifically stated otherwise. The rate decision is often priced in the market so it tends to be overshadowed by the SNB Monetary Policy Assessment which is focused on the future;

Why Traders Care Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future;

Derived Via SNB Governing Board members come to a consensus on where to set the target range for the rate;

Also Called Interest Rates, Libor, 3-month Rate;