101.7 FM IN GENEVA DAB+, CABLE & SATELLITE ACROSS SWITZERLAND
An increasing number of financial analysts think the exchange rate between the euro and franc will remain stable, signaling trust in the Swiss National Bank (SNB).
That is the conclusion of the ZEW market report from Credit Suisse and the Center for European Economic Research.
The survey showed 87 percent of the analysts trust that the rate will be stable and that the SNB will be able to hold its minimum exchange rate to the euro of CHF 1.20.
The vast majority also thinks capital controls or other measures will not be appropriate for keeping the franc from skyrocketing in value.
With that said, the analysts said the Swiss economy was slightly weaker in July compared to June.