SNB in `Weak Position' to Curb Franc Gains

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Aug. 3 (Bloomberg) -- Christian Gattiker, head of research at Bank Julius Baer & Co., talks about the Swiss National Bank's decision to cut interest rates to curb currency gains. The SNB lowered its target for the three-month Libor to "as close to zero as possible" from 0.25 percent. He speaks from Zurich with Maryam Nemazee on Bloomberg Television's "Last Word" (Source: Bloomberg)

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