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Swiss National Bank vs. ECB: The Best and Worst of Central Banking
The Swiss National Bank's three-year old franc-euro peg is no longer.
Yesterday (Thursday), the Swiss National Bank decoupled its fixed 1.2 CHF/€ exchange rate. This was on expectations that the European Central Bank will announce a quantitative easing policy in next week's meeting.
The Swiss National Bank's three-year old franc-euro peg is no longer.
Yesterday (Thursday), the Swiss National Bank decoupled its fixed 1.2 CHF/€ exchange rate. This was on expectations that the European Central Bank will announce a quantitative easing policy in next week's meeting.