SNB Can Stomach Some Franc Strengthening Prior to a Rate Cut

Central bank seen cutting rates if franc reaches 1.03 per euro
Economists in poll say deposit rate can go as low as -1.25%

SNB President Thomas Jordan — SNB President Thomas Jordan
Photographer: Michele Limina/Bloomberg

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By Andre Tartar and Catherine Bosley

April 19, 2016 at 11:01 PM UTC

Updated on

April 20, 2016 at 8:28 AM UTC

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Swiss National Bank President Thomas Jordan has some breathing room.

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