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Switzerland Weighs A Cap on Franc
Negative interest rates and a month-long campaign by Switzerland's central bank to flood the market with Swiss francs failed to hold the currency back for long. Now, with the franc again on the path towards parity with the euro,a growing number of exporters and politicians alike are leaning on the Swiss National Bank to take more measures. Having rejected an outright peg as too far-fetched, many favor a flexible pairing of the franc and the euro. Rather than committing to maintaining a stable exchange rate with the euro that would require the central bank to intervene even when the franc weakens, the central bank ... (full story)
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