Swiss National Bank will not lift rates: Reuters poll

The Swiss National Bank will not change their interest rates despite the tensions that could arise on the occasion of the vote on a possible British, exit from the EU, according to the survey conducted by Reuters which listened to 36 economists. Experts agree that the SNB will maintain firm between -1.25% and -0.25% the fluctuation margin of the Libor, its main policy rate. Unchanged at -0.75%, they should remain even negative interest on the institution's accounts around.
"A further reduction in interest rates is practically out of the question and would be a huge surprise," said Thomas Stucki, an expert of the Cantonal Bank of St. Gallen. If yes to Brexit the fear is that investors can move billions sums from the UK to deposit them in Switzerland, considered a safe haven.
"The big elephant in the room is Brexit," said Karsten Junius, chief economist at Bank Sarasin in Zurich. "The SNB will want have room to act if it votes to leave Britain and That leads to a strengthening of the franc."