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SNB's Danthine says EURCHF 1.20 cap was a temporary measure

SNB's Danthine says EURCHF 1.20 cap was a temporary measure

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Mike Paterson
22/04/2015 | 07:29 GMT

Yep, 3 1/2 years temporary

  • prolonging it would have increased SNB balance sheet

SNB VP talking to risk.net and still trying to defend the debacle

Headlines from Bbg. No further detail as yet

USDCHF 0.9548 EURCHF 1.0268

Update:

We came to the conclusion that the cost and the risk of increasing our balance sheet would no longer be justified by the benefits of our policy for the overall economy

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