The Swiss National Bank kept its cap on the Swiss franc at 1.20 per euro on Thursday, saying there was a danger of greater volatility on the financial and foreign exchange markets. The SNB stuck to a target band for the Swiss franc LIBOR of 0 to 0.25 percent, as all economists in a Reuters poll had forecast. The SNB kept its growth forecast for the year at 2.0 percent and slightly raised its inflation forecast for 2014 to 0.1 percent from a previous 0.0 percent. The SNB imposed the lid on the safe-haven unit in September 2011, citing the risk of deflation and a recession as the strong currency squeezed exporters and ... (full story)