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SNB to Cap Franc Until 2016 as Euro-Area Recovery on Hold

The Swiss National Bank is seen maintaining its cap on the franc for at least another two years as the economic revival in the neighboring euro area struggles to gain tractions.

More than three quarters of the respondents in the Bloomberg Monthly Survey of 23 economists say that the central bank will keep its ceiling of 1.20 per euro at least until 2016. Not even a 10th say it will remove the barrier next year.