Swiss rate-cut curve ball cannot be ignored

Economists are predicting the Swiss National Bank will deliver a reduction aimed at safeguarding the economy from potential currency strength. — Bloomberg

LONDON: A handful of banks expect Switzerland’s policymakers will go against forecasts and cut interest rates in their first decision of the year.

Economists at Barclays Plc, Citigroup Inc, Julius Baer & Co Ltd and others are among the few predicting the Swiss National Bank (SNB) will deliver a reduction aimed at safeguarding the economy from potential currency strength.