The Swiss National Bank (SNB) released its quarterly bulletin on Wednesday. The SNB said that it will keep the exchange rate floor unchanged at 1.20 francs per euro. Switzerland's noted that deflation risks have increased that the Swiss franc is still high.

Inflation forecast was revised down to 0.0% in 2014, to -0.1% in 2015 and to 0.3% in 2016. Falling oil prices weigh on inflation, so the central bank.

The SNB expects a moderate economic growth in the fourth quarter of 2014, driven by the services sector.