The decision of the Swiss National Bank (SNB) to release the value of the franc leave was taken unanimously by the board. Reported that bank president Thomas Jordan Sunday in interviews in French and German media.
The move by the central bank came totally unexpected and caused turmoil in the financial markets. According to Jordan, the SNB was aware that the decision could have a big effect. “But the step prior announcement would have opened the door to speculators,” he pointed out.
With the support purchases of foreign currency SNB kept the value of the franc since 2012 limited to 1.20 francs per euro . Following the decision to abandon the race clutch ran sharply and that meant that include Swiss goods became more expensive on international markets.
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