SNB Is About to Reveal Its Resolve on Franc Strength

The Swiss National Bank’s determination to cap gains in the franc will draw the spotlight in a decision that is likely to avoid the more drastic option of negative borrowing costs.

Officials led by President Martin Schlegel are widely anticipated by economists to keep their interest rate at zero on Thursday. But with that quarterly judgment arriving less than three weeks since the central bank signaled possible currency intervention, their wording will be closely scrutinized.