SNB to cut deposit rate from -0.75% to -1.00% - Capital Economics

FXStreet (Bali) - The Economics Team at Capital Economics sees the Swiss National Bank (SNB) cutting its deposit rate from -0.75% to -1.00% on Thursday.

Key Quotes

"We see the Swiss National Bank (SNB) cutting its deposit rate from -0.75% to -1.00% (08.30 GMT)."

"Admittedly, the franc has softened a bit after it surged in January following the shock abandonment of the cap. But, at CHF 1.06 per euro, it remains much too high for comfort."