[Zurich 19th Reuters]-The Swiss National Bank (Central Bank, SNB) decided to keep the main policy interest rate on the 19th.
The European Central Bank (ECB) and the US Federal Reserve (FRB) have cut interest rates in response to the global economic slowdown, but the Swiss central bank has stopped following the rate cuts.
The Swiss central bank, as expected, left the SNB policy rate at minus 0.75%. The central bank deposit rate remained unchanged at 0.75%.
The central bank also indicated that it would continue to act aggressively in the foreign exchange market to ease the upward pressure on the Swiss franc.
The Swiss franc <EURCHF => is rising for the first time in two years against the euro against concerns over global trade friction and European political uncertainty.