SNB May Raise Franc Cap This Month, Wellershoff Tells St. Galler
This article is for subscribers only.
Klaus Wellershoff, former chief economist at UBS AG, expects the Swiss National Bank to raise its cap on the franc from 1.20 to 1.25 against the euro in the coming month, St. Galler Tagblatt reported.
A further increase to 1.30 francs is likely to follow, the Swiss newspaper cited Wellershoff as saying.