SNB says it will present LIBOR alternative for monetary policy in due course

SNB out with an email. Bloomberg reporting 27 July - end of CHF-LIBOR will not affect monetary conditions The SNB has been targeting 3-mth swiss franc libor since 2000 but will discontinue that link  to its $350trln of financial products in 2021 as UK regulators and others seek to replace the scandal-associated indicator.
SNB says it will present LIBOR alternative for monetary policy in due course