Commentary

Add as a preferred source on Google

CHF review: Western Union

Switzerland's currency shed a few francs in value after the nation's central bank didn't announce a new round of fireworks. Back in January, the Swiss National Bank launched the franc sharply higher and into outer space …

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Switzerland's currency shed a few francs in value after the nation's central bank didn't announce a new round of fireworks. Back in January, the Swiss National Bank launched the franc sharply higher and into outer space after it unexpectedly pulled its peg against the euro. 

  • The SNB held rates unchanged today and sketched a darker outlook for growth and inflation. Officials said the franc remained an instrument in their policy toolkit and signaled a desire for its currency to weaken which would be a plus for its export-geared economy.

Related articles

View all