Switzerland
Monetary policy conducted by the central bank of Switzerland termed the Swiss National Bank (SNB) is based on a target to ensure prices align with inflation. The target for the Swiss is the three-month Swiss franc LIBOR called SARON, the Swiss Average Overnight Rate. The current rate is 0.12 and the target range is 0.00 to 0.75. SARON is fixed daily at 12:00 noon and calculated by SIX Swiss Exchange, Switzerland's stock market (SIX Swiss Exchange 2010).
To manage the inflation target in the repo market, the Swiss employ the Swiss Average Rate, the Swiss Current Rate, and the Swiss Average Index. The Swiss Average Rate is volume weighted and calculated and reported every 10 minutes by SIX Swiss Exchange (SIX Swiss Exchange 2010). Fixing ...
Get Inside the Currency Market: Mechanics, Valuation, and Strategies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
