Swiss investors warier on economic outlook

* Swiss ZEW investor sentiment dips below Oct's record high

* Current economic situation seen better but still negative

* 75 pct of investors, analysts see rates left on hold

By Jason Rhodes

ZURICH, Nov 12 (Reuters) - Investors' expectations in
Switzerland dipped in November from record highs the previous
month, reflecting a similar deterioration of economic sentiment
in neighbour and major trading partner German.

The Swiss ZEW investor sentiment fell by 8.6 points in
November to 56.4 points from a record high in October, Credit
Suisse, which issues the indicator in cooperation with the
German ZEW economic research institute, said on Thursday.

Investors' assessment of current conditions remained
negative, if improved, as the Alpine country emerges from its
worst recession in over 30 years. The vast majority still
expected the Swiss National Bank to keep ultra-low rates on hold
for the time being.

"After the sharp gains in sentiment seen over the second
half of this year, optimism backtracked to a more sober view of
the outlook, particularly in light of data suggesting a
relatively slow and sluggish recovery in Switzerland next year,"
said 4Cast Limited analyst Saara Tuuli.

The indicator last month hit 65.0 points, its highest
recorded value of since its launch in June 2006, following an
almost 40-point rise in September -- its largest ever
month-on-month increase.

Switzerland has weathered the crisis better than many of its
peers thanks to resilient consumers and drastic actions taken by
its central bank.

German analyst and investor sentiment declined by more than
expected in November, dropping to its lowest level in four
months, a ZEW survey showed on Tuesday, dulling hopes of a rapid
economic recovery. [ID:nLA621863]

"The balance of views on the current environment nonetheless
continued to improve, in line with better readings for surveys
and other sentiment data," Tuuli said, adding she expected the
SNB to maintain its cautious approach at its next meeting in
December.
(Editing by Mike Peacock)