SNB Set to Stay Atop Negative Rate League Table: ChartBy
The Swiss National Bank will probably remain the major central bank with the most severe negative interest rate when it announces the outcome of its quarterly monetary policy assessment at 9:30 a.m. in Zurich on Thursday. It is expect to leave its deposit rate a record low of minus 0.75 percent, according to economists in a Bloomberg survey. The central bank will probably also reiterate that it’s prepared to intervene in foreign-exchange markets to stabilize the currency, having most recently said it did so to counter Brexit-induced appreciation pressure on the franc.
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(Corrects ECB rate in chart.)