Two of the maverick central banks that have jolted the markets with unexpected policy decisions are expected to hold their respective rates and keep their stimulus programs unchanged.
The Swiss National Bank is expected to keep its rate at -0.75% in an effort to keep the Swiss franc devalued versus the USD. The Bank of Japan, meanwhile, has said that it has seen some positive effects of its ¥80 trillion-a-year stimulus program, but the effect on inflation has been disappointing as it still lags behind the 2% mark promised by Prime Minister Shinzo Abe two years ago.
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