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Swiss Central Bank Away from Normal Rates

M. Ali 14 July, 2020 7:58 pm Forex Market, Market Update

The Swiss National Bank (SNB) will maintain its current negative interest rates, according to its Chairman, Thomas Jordan.

“I fear it will take some time before we get there again,” Jordan said on Tuesday, as quoted by Reuters.

The remarks came during a webinar with the International Monetary Fund (IMF).

The Swiss Franc (CHF) is down by 0.19% against the Euro, while the CHF/USD is currently up by 0.27%.

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