Swiss Central Bank

The markets were shocked yesterday when Switzerland's central bank announced that it was putting a ceiling on how high it would allow the Swiss franc to trade in relation to the euro. The Swiss National Bank (SNB) has warned investors for months with words and deeds that it would not allow the...

According to Dow Jones, the IMF urged the Swiss National Bank to tighten monetary policy in its staff report for Switzerland. The IMF writes, "With the output gap closing and a below neutral policy interest rate, monetary accommodation should be withdrawn in the near-term under the baseline...