The Swiss National Bank (SNB) is to maintain its policy of negative interest rates and penalties for holding Swiss francs in cash.<br /><br /> The central bank says it will remain active in currency markets to keep the “significantly overvalued” franc down with foreign exchange valuations. <br /><br /> The fate of the franc is closely linked to the Greek crisis. A failure by Greece to reach a reforms-for-cash deal with its creditors would spark safe-haven flows into the Swiss currency.<br /><br /> On Tuesday the government trimmed its economic forecasts for this year and next, flagging the strong franc, which has already cost hundreds of job losses in Switzerland.
