Swiss move a reminder intervention carries cost
Swiss faced losses if they kept currency low - NZ economist.
Switzerland’s move to drop the “peg” on its currency has thrown financial markets into turmoil, with some comparing it to the US abandoning the Bretton Woods framework in 1971.
Yet the Swiss Central Bank had few options left, and the removal of the peg – which saw the Swiss franc surge in value –
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Rob Hosking
Mon, 19 Jan 2015
Mon, 19 Jan 2015
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Swiss move a reminder intervention carries cost
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