SNB leaves policy vacuum after shock removal of franc cap – Reuters
Toronto Star |
SNB leaves policy vacuum after shock removal of franc cap
Reuters ZURICH (Reuters) – The Swiss National Bank (SNB) had little choice but to abandon its three-year-old cap on the franc but its execution of the move left a vacuum of policy uncertainty where a pillar of stability stood before. With the euro diving against the … Plunging euro value hits Irish tourists in the pocket Swiss franc's surge causes turmoil in global financial system Surge of Swiss Franc Triggers Hundreds of Millions in Losses |
