Swiss National Bank Says Franc Still Overvalued

Updated on
  • Swiss central bank keeps deposit rate at minus 0.75%
  • Rates left unchanged hours before Fed announces decision

Switzerlands Central Bank

Photographer: Gianluca Colla/Bloomberg

The Swiss National Bank kept interest rates at record lows and signaled the recent depreciation of the franc hasn’t diminished its willingness to intervene in currency markets if needed.

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