DislikedThe SNB will not raise the peg as long as the EU keeps on struggling with its debt crisis ( which could take months/years). They aint suicidal.
1.20 is all they can "safely" handle for the time being.Ignored
As long as the euro is collapsing, dragging the swissy with it, the price of everything that is sold in usd (ie goods from China, oil, etc) is getting more expensive. At the same time everything they sell to the larger world (such as banking services to Indians, Americans and Chinese) is getting cheaper, quickly. Things are going exactly they way the want them to, and quickly.
They are not going to raise the ceiling until it looks like the euro is not going to fall any more. Then they will make a decision based upon inflation.