Bloomberg

(Bloomberg) -- The Swiss National Bank will probably remain the major central bank with the most severe negative interest rate when it announces the outcome of its quarterly monetary policy assessment at 9:30 a.m. in Zurich on Thursday. It is expect to leave its deposit rate a record low of minus 0.75 percent, according to economists in a Bloomberg survey. The central bank will probably also reiterate that it’s prepared to intervene in foreign-exchange markets to stabilize the currency, having most recently said it did so to counter Brexit-induced appreciation pressure on the franc.

(Corrects ECB rate in chart.)

To contact the reporter on this story: Zoe Schneeweiss in Zurich at zschneeweiss@bloomberg.net. To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net.

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