SNB Predicted to Reaffirm Franc Pledge
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Swiss central bank President Thomas Jordan will tomorrow reaffirm his commitment to defend a franc ceiling that has survived a year of speculative attacks, scandal and political criticism.
The Swiss National Bank in Zurich will keep the franc ceiling at 1.20 versus the euro when policy makers meet for their quarterly assessment, according to all 10 economists in a Bloomberg News survey. It will also leave the benchmark interest rate at zero, a separate survey shows.