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SNB Study Tallies Cost of Intervention to Curb Franc Gains
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Swiss Franc (CHF/USD): SNB Details Billions Needed to Keep Currency in Check
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SNB Research Details Billions Needed to Keep Currency in Check
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(Bloomberg) — The Swiss National Bank needs to spend roughly 27 billion francs ($30 billion) to keep its currency from appreciating 1.1%, according to a staff paper that offers a rare vignette into what officials may be thinking. Currency purchases by the central bank “are effective and long-lasting,” and have helped Switzerland avoid a large…
SNB study tallies cost of intervention to curb franc gains
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