Nordic & Swiss Economics

Nordic & Swiss Economics

Nordic & Swiss Chart Book

11 August, 2017

Geopolitical tensions halt Swiss franc’s slide

The Swiss franc has had a rocky ride over the past month. In late July, it depreciated sharply to SFr1.15 to the euro, its lowest level since January 2015 when the Swiss National Bank abandoned its exchange rate ceiling. The decline followed SNB Chairman Thomas Jordan’s reiteration that the franc remained “significantly overvalued” and that the Bank would consequently not alter its ultra-accommodative stance despite diminished euro-zone political risks and the ECB’s hints of policy normalisatio

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