Nordic & Swiss Economics

Nordic & Swiss Chart Book

15 January, 2018

A busy month for central banks

The three major Nordic and Swiss central banks met in December and provided very different messages about the outlook for monetary policy in their respective countries. First, the Swiss National Bank (SNB) left policy unchanged and, despite the franc’s depreciation in the months running up to the meeting, repeated its judgement that the currency is “highly valued”. Accordingly, it reiterated that it would intervene in the foreign exchange markets, if necessary. As it happens, with central banks

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