SNB may cut deposit rate as low as -1.5% - Schweiz am Sonntag

FXStreet (Bali) - According to Bloomberg, referring to a report in Schweiz am Sonntag, the SNB may cut its deposit rate as low as -1.5% from the current -0.75% should the CHF move in the 'wrong direction'. The report notes the SNB's desire for 1.10 as acceptable level against the Euro.