Swiss franc value to decrease again?

The Swiss central bank decided to shorten the list of institutions which it leaves out from negative interest rate for money deposits at the Central bank in the attempt to mild franc exchange rate.

Among other things, negative interest rates of USD 700 billion will have to be paid by the industry of pension funds and the measure will hit Swiss savers as well.

Many expect that Swiss central bank will soon announce even higher negative interest rates for deposits since it wants to decrease demand for franc which is used as a safe shelter and thus weaken domestic currency.

Euro totals approximately 1,04 francs and more than USD 1,07.