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Swiss central bank ditches mantra on franc overvaluation

Reuters  |  ZURICH 

By John RevillZURICH (Reuters) - Switzerland's central bank tempered its view of the Swiss franc's overvaluation on Thursday although analysts said the language shift should not be seen as heralding a departure from its ultra-loose monetary policy.The Swiss National Bank retained its negative interest rates and said it remained ready to intervene in the currency markets to rein in the franc, whose soaring valuation it has long fought to restrain.But in its quarterly policy assessment, the SNB ditched its nearly three-year mantra that the franc was "significantly overvalued", as foreseen by an ...

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First Published: Thu, September 14 2017. 16:26 IST