-
SNB to Stay at Record Low for Longer Amid Central Bank Shift
The world’s lowest interest rate will be around for longer than previously anticipated, with economists forecasting that a dovish shift for central banks around the world will also affect Switzerland. Citing a delay in European Central Bank tightening, Zuercher Kantonalbank’s David Marmet pushed back his expectations for a 25 basis point increase in the Swiss National Bank’s deposit rate by a quarter. UBS Group AG took a similar step last week. For Nomura’s Jordan Rochester, a hike at the SNB lies still further in the future. “I don’t see them raising rates for at least a year or two, probably two or ... (full story)