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SNB: Negative Rates, or Wait and See?

From blogs.wsj.com

If the Fed and Scotland were not enough to hold your interest, fear not: Thursday brings a quarterly rates decision from the Swiss National Bank. Should you care? Well, the Swiss franc has been trading in tight ranges against its neighboring euro since the Swiss central bank pegged the two currencies, but a change in the SNB’s stance could have ripple effects on all major currencies as central banks’s policies divergence widens. So, yes. Forecasts are for no change in rates, and no shift in the currency limit. (The SNB acts to prevent the euro trading under CHF1.20, under a policy it has maintained since 2011.) But ... (full story)

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  • Category: Breaking News