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Swiss National Bank keeps expansive policy in place

ZURICH, Dec 17 (Reuters) - The Swiss National Bank kept its ultra-expansive monetary policy on hold on Thursday, keeping the world’s lowest interest rates and readiness to launch currency interventions despite being labeled a currency manipulator by the United States.

The SNB kept its policy rate locked at minus 0.75%, as unanimously forecast by economists in a Reuters poll.

It also kept the interest rate it charges commercial banks on some deposits they park overnight with the central bank at minus 0.75%, as expected.

Reporting by John Revill; Editing by Michael Shields

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