Swiss Franc Gains as Central Bank Says More Interest-Rate Increases Likely

(Bloomberg) -- The Swiss franc gained versus the
euro after Swiss National Bank President Jean-Pierre Roth said
more interest-rate increases are likely to be needed to prevent
inflation quickening.

The Zurich-based SNB raised its three-month Libor target
rate by 25 basis points to 2.5 percent, the highest since
September 2001, matching the forecast of all 25 economists in a
Bloomberg News survey.


Read more at Bloomberg Currencies News