Swiss Central Bank (SNB) left interest rates at record low level, saying that franc is highly valued and any stress at financial markets can stimulate another rally, Bloomberg reports.

Bank also noted recent currency grwoth due to political instability in Italy and announced that current policy of negative interest rates and potential interventions is essential.

Despite of accelerated growth of Swiss economy that it has been shown recently, main goal of central bank is to prevent any pressure on Swiss franc that is so loved by risk averse investors.

Today in the morning franc was at 1,15252 per euro. It touched symbolic level of 1,20 in April and then changed its direction last month. It mostly happened due to political turmoil in Italy.

Bank's leaders think that political risks are very high today, and they can rectrict further economic growth.

SNB left deposit rate at minus 0,75%. The rate is at this record low level since 2015.

Inflation forecast does not require any immidiate actions either. It will be at 0,9% this and next year. Bank increased 2018 estimates due to higher oil prices. It also reduced 2020 forecast from 1,9% to 1,6%.