SNB Has No Target for Franc Exchange Rate, Vice President Martin Schlegel Says
SNB Has No Target for Franc Exchange Rate, Vice President Martin Schlegel Says
www.bloomberg.com Swiss National Bank Has No Target for Franc Exchange Rate, Schlegel Says
The Swiss National Bank has no target for the franc exchange rate, Vice President Martin Schlegel said less than a week after policymakers wrong-footed markets by cutting interest rates to stem the currency’s gains.
Rate cuts were a great idea and I'm sure you weren't struggling prior to these monetary policies.
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