SNB Expected to Hold Rates at Record Low Through 2019: Chart

(Bloomberg) -- The Swiss National Bank is expected to hold the interest rate on sight deposits at a record low of minus 0.75 percent for at least another two years, according to Bloomberg’s monthly survey of economists. That’s because Switzerland’s central bank needs to maintain the interest rate differential with the euro area, where policy makers are predicted to stay on hold until early 2019. The SNB is using negative rates to make the franc less attractive to foreign investors.