FF Notes : 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.
Also Called : Interest Rates, Libor, 3-month Rate.
Frequency : Scheduled quarterly.