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*SNB LEAVES TARGET FOR 3-MONTH LIBOR AT 0.25% as expected.

7:38:55

*SNB WOULD ACT AS NEEDED IF FRANC GAINS THREATENED DEFLATION (bloomberg) *SNB says weakening of the euro with respect to Swiss franc is dampening export activity. (Reuters) *fx interventions still in .... but in a downtuned version

7:39:06

SNB says inflation forecast shows short-term price stability guaranteed, says deflationary risk in Switzerland has largely disappeared. (Reuters