SNB Negative Rates Are Now Off Almost All Economists’ Agendas

Economists have largely abandoned forecasts that the Swiss National Bank will cut interest rates into negative territory, according to a Bloomberg survey.

Just two forecasters — Barclays and Bloomberg Economics — see SNB officials lowering borrowing costs by a quarter-point to -0.25% at the Dec. 11 policy meeting. Capital Economics predicts such a move next June.