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Blindsided By the Swiss National Bank

Blindsided By the Swiss National Bank

5 Years ago | January 15, 2015 00:00:00


Early Thursday the Swiss National Bank(SNB) shocked the markets by announcing it was “discontinuing the minimum exchange rate of CHF 1.20 per euro.” It also announced that it was lowering “the target range for the three-month Libor further into negative territory, to between -1.25% and -0.25%".

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