Swiss Central Bank May Raise Its Benchmark Interest Rate to Six-Year High

(Bloomberg) -- The Swiss central bank may raise its
benchmark interest rate to a six-year high to prevent an
expanding economy and a weaker franc from stoking inflation, a
survey of economists shows.

The Swiss National Bank will raise the three-month Libor
target rate by a quarter-point to 2.5 percent tomorrow, the
highest since September 2001, according to all 25 economists in a
Bloomberg News survey. The bank will announce its decision at
9:30 a.m. in Bern. Economists expect the rate to reach 2.75
percent in September and 3 percent in December, the survey shows.


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