Swiss Franc's Drop Could Finally Give SNB Room to Relax
- Currency has fallen 5% against euro since last rate decision
- SNB forecast to keep interest rates unchanged this week
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As the Swiss franc weakens, the nation’s central bank must decide whether it can afford to relax a little.
The currency’s 5 percent decline against the euro over the past three months is good news for the Swiss National Bank in its long-running bid to revive inflation. For President Thomas Jordan and fellow policy makers meeting this week, it could also mean there’s a question over whether the description “significantly overvalued” still applies.