ZURICH, June 15 The Swiss National Bank
maintained its ultra-loose monetary policy on Thursday in a bid
to reduce upward pressure on the strong Swiss franc.
The SNB kept its target range for three-month Swiss franc
LIBOR at -1.25 percent to -0.25 percent, and the rate it charges
on sight deposits at -0.75 percent, as expected in a Reuters
poll of economists.
It said it remained committed to negative interest rates and
currency market interventions to rein in the Swiss franc, which
it said remained "significantly overvalued".
(Reporting by Joshua Franklin and John Revill; Editing by