Markets See an 80% Chance SNB Will Cut Rates by September: Chart
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The likelihood of the Swiss National Bank cutting its deposit rate has almost doubled following the U.K.’s vote to leave the European Union: Three-month Swiss Libor futures for September imply an 80 percent chance of a 25 basis point cut by that time. On June 23 -- the day of Britain’s ballot -- that probability stood at 44 percent.