SNB Likely to Ward Off Brexit Fallout With Interventions: ChartBy and
The Swiss National Bank is set to keep its deposit rate unchanged at a record low of minus 0.75 percent on Thursday as policy makers conserve ammunition ahead of a U.K. vote on European Union membership. Should a so-called Brexit take place, that could put pressure on the franc, which is popular with investors at times of crisis. The SNB is set to counter any currency appreciation after the June 23 vote with more aggressive interventions, according to a Bloomberg survey of economists, with some also seeing a rate cut.
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