World Economy

SNB Keeps Cap on Franc

SNB Keeps  Cap on FrancSNB Keeps  Cap on Franc

The Swiss National Bank (SNB) will keep its cap on the Swiss franc in place as it is still warranted by the current economic environment, its vice-chairman said, Reuters reported. “The cap is going to be in place for the foreseeable future,” Jean-Pierre Danthine said. The Swiss franc hit a 26-month high against the euro on Wednesday.