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I was wondering if the SNB as policy rate targets a specific level or sets a target range [upper bound, lower bound]. I look into this report from Credit Suisse and they mention the below on page 21. I am a little bit confused...

SNB target range (in %)

Current -0.75
3-month -0.75
12-month -0.75

https://www.credit-suisse.com/media/assets/private-banking/docs/ch/unternehmen/unternehmen-unternehmer/publikationen/monitor-schweiz-q3-2020-en.pdf

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