Investor expectations are building that the Swiss National Bank(SNB) will take its key interest rate even further below zero as itfaces a renewed franc appreciation.
Amid escalating trade tensions and market jitters, the Swisscurrency has gained about 2 percent against the euro in the pastmonth. Futures for March 2020 are now putting an almost 50 percentprobability of a 25 basis-point-cut in the SNB's deposit rate. It'scurrently at minus 0.75 percent, the lowest rate among the world'smajor nations.
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