SNB Unlikely to Change Policy - Vontobel

The Swiss National Bank is unlikely to change its policy, as the deflationary environment isn't going to alter over the next 12 months, Vontobel says. "The best that the SNB can do is hold on to the EUR/CHF floor, otherwise the deflation would become worse than it is now and so would the problems of the Swiss exports industry," notes Vontobel economist Ralf Wiedenmann. He adds that there's no reason to expect that EUR will get much stronger, as problems in the euro zone are expected to continue. EUR/CHF trades at 1.2090.

SNB Unlikely to Change Policy - Vontobel

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