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SNB may delay franc cap exit as Draghi bond purchases loom
Economists' survey shows more than half expect Swiss central bank to extend 1.20/euro ceiling till at least 2017
Add BT as a preferred sourcePublished Wed, Nov 19, 2014 · 09:50 PM
Zurich
SWITZERLAND'S central bank will keep its cap on the franc into 2017 to ward off the effects of the European Central Bank's (ECB) unconventional measures, according to Bloomberg News' monthly survey of economists.
More than half of respondents say the Swiss National Bank (SNB) won't remove its ceiling on the Swiss franc of 1.20 per euro until that year or later. Just 3 of 18 expect an exit next year.
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