The Swiss National Bank directorate member Jean-Pierre Danthine stated that the danger of deflation in Switzerland has abated, according to The Wall Street Journal. Additionally, the Central Bank isn’t under pressure to raise rates, adds Danthine. The SNB has targeted a 0.25% in the three-month Swiss franc London interbank offered rate.
For more information on Switzerland, visit our Switzerland category.
- iShares MSCI Switzerland (NYSEArca: EWL)
- CurrencyShares Swiss Franc Trust (NYSEArca: FXF): It’s been the top gaining ETF in the last week, up 2.6%
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Max Chen contributed to this article.