Swiss reserve bank leaves rates unchanged, cautions of Brexit risk

Switzerland’s central bank left
its negative interest rates the same at record low levels at
its quarterly policy meeting on Thursday. As unanimously expected by financial experts in a Reuters survey, the
Swiss National Bank (SNB) kept its target range for three-month
Libor between -1.25 and -0.25 percent. It also kept a.
charge on money deposits of 0.75 percent.

Regarding possible threats to the global economy, the SNB said.
in a statement that “the imminent UK mandate on whether to.
stay in the European Union may cause uncertainty and turbulence.
to enhance”.

( Reporting by Joshua Franklin; Modifying by Michael Shields).

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