FRANKFURT - The current weakness in German industry is sapping demand in Switzerland's manufacturing sector, Swiss National Bank Chairman Martin Schlegel said on Saturday.
Schlegel was speaking at an event in Frankfurt organized by Germany's Bundesbank less than two weeks before the Swiss central bank is due to make its next interest rate decision. Markets currently give a 72% probability for a 25 basis point cut, and a 28% likelihood for a 50 basis point cut at the SNB's next monetary policy meeting on Dec. 12.
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