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
