Economics
SNB Seen Delaying Cap Exit as Draghi Bond Purchases Loom
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Switzerland’s central bank will keep its cap on the franc into 2017 to ward off the effects of the European Central Bank’s unconventional measures, according to Bloomberg News’s monthly survey of economists.
More than half of respondents say the SNB won’t remove its ceiling on the franc of 1.20 per euro until that year or later. Just 3 of 18 expect an exit next year.