9 hours ago
SNB Rate Seen Stuck at Zero This Year After Last Week's Cut
By and Harumi Ichikura
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The Swiss National Bank probably won't act this year on its threat of cutting borrowing costs to below zero, according to a majority of economists.
In a Bloomberg survey of forecasters, only seven out of 16 reckon that the central bank will take its interest rate into negative territory at quarterly decisions either in September or December, with the remainder predicting no change.
