Swiss National Bank Announces Actions Against Strong Swiss franc

The Swiss National Bank (SNB) announced a set of measures designed to stem a sharp acceleration in the Swiss franc (CHF). The Bank announced: "Effective immediately, the SNB is aiming for a three-month Libor as close to zero as possible, narrowing the target range for the three-month Libor from 0.00–0.75% to 0.00–0.25%". The Bank will also