3 Month LIBOR Range. Forex with Alpari

Country:	Switzerland
Definition:	3 month LIBOR range
Description:	3 month LIBOR range. Swiss National Bank decided to set and maintain the 1.00 wide range for 3 month LIBOR on CHF to control short-term interest rates level. (LIBOR, London Interbank Offered Rate, is an interest rate at which large banks place lending in the London interbank money market. LIBOR rates are set for different periods and on different instruments. LIBOR is fixed at 11:00 each day, London time, and is an average of the last ten quotations offered by sellers)
Influence:	High interest rates decrease consumer lending growth rates and stimulate savings increase, which triggers economic development slowdown. However, speculations on rates hikes usually trigger consumer lending boom. Rates hikes usually trigger capital inflow increase and national currency advance in the mid-term perspective. Still they may trigger economic stagnation and negative impact on the exchange markets in the long-term plan in case rates hikes are not based on high economic growth rates.
Market Importance:
Released:	Released quarterly, usually on the 3rd Thursday of the month (March, June, September, December).
Source:	The Swiss National Bank

3 Month LIBOR Range