FXstreet.com (Barcelona) - The Swiss National Bank has decided to leave its Libor Rate at 2.75% after its last monetary policy meeting.

The Bank considers that global economy remains robust despite the global slowdown on economic activity, as the price of oil continues to grow, which has led to a general increase of inflation.

The situation in the financial markets remains uncertain, according to the Bank's assessment, although the level of turbulence has decreased in the latest months.

The Bank expects the GDP to grow between 1.5% and 2% in 2008, while inflation will grow at a 2.7% year on year average rate in 2008, to decline to 1.7% in 2009, and 1.3% in 2010.