The Swiss National Bank may use a negative interest rate as one of the tools to protect the ₣1.20 currency cap, should the European Central Bank implement more aggressive monetary stimulus in the months to come. On Thursday, central bank officials in Switzerland will hold their monetary policy meeting with some economists calling for a cut of the central bank's deposit rate into negative territory. The most likely scenario, however, is that policymakers will keep this option in reserve for the time being and use it later as one of the protective measures, should ECB quantitative easing threaten the ceiling. "With ... (full story)